This article empirically explores the effect of military spending on external debt, using a
sample of ten Asian countries over the years from 1990 to 2011. The Hausman's test …

Public debt is a notable measure of economic and financial sustainability which
encountered policy and scholarly interest in the international development ambients. This …

This paper investigates the major drivers of the public debt growth in 184 countries. The
underlying cross-country survey is conducted on the basis of the improved compilation of …

Questions regarding the economic consequences of US grand strategy have gained new
salience. This article provides an empirical test of the relationship between US military …

The aim of this study is to survey the literature dealing with the relationship between defense
expenditures and external debt. Especially, nowadays, amid the international financial crisis …

Despite the vast amount of empirical work performed on the defense–growth relationship,
the impact of military expenditure on public debt is a largely neglected topic. The recent …

Local development is a long-term process of economic transformation. To make it happen,
expenditure must be incurred, especially including investments. At a local level, the financial …

The study examines the effect of military expenditure on output in Nigeria both in the short-
run and in the long-run period. In addition, it verified whether military expenditure is an …

In this study, the effects of defense expenditure on the macroeconomic majorities of Turkey
such as economic growth, inflation, current account balance, import and employment have …

Despite the numerous studies on military spending and external debt, almost none of the
researchers focus on the impact of defense spending and external reserves on public debt …