Does defence expenditure crowd out human capital expenditure? An empirical investigation in South Asia

• Main Authors: Jesmy, Abdul Rasheed Sithy, Abd Karim, Mohd Zaini
• Format: Article
• Language: English
• Published: Science and Engineering Research Support Society 2019
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/27324/1/IJAST%2028%201%202019%20294%20305.pdf; http://repo.uum.edu.my/27324/; http://sersc.org/journals/index.php/IJAST/article/view/395

Military expenditure and human capital expenditure are important components of central government expenditure. It has been accepted that high and increasing military expenditure may crowd out resources from human development expenditure, as the sources of government revenue are limited. The purpose...