Proposes a research design to examine the impact of defense spending on economic and social development in India.
Written in 2002; 3,664 words; 8 sources; MLA; $ 101.95
Paper Summary:
This paper proposes a study with the principal focus being on the macroeconomic effects on economic growth and social development in India, by spending on national defense. The time frame of the proposed study is the inclusive 30-year period 1969-1998. The paper shows that in the proposed study, national defense expenditures are to be assessed as an independent variable in a time series analysis wherein economic development and social development are dependent variables. The specific economic models and their specifications are addressed in the paper too.
From the Paper:
"One of the more controversial issues in public policy analysis concerns the question of the effects of spending on defense spending on a country's economic and social development. Proponents of high levels of defense spending claim that significant economic benefits derive from such expenditures. It is inferred that, as a consequence of economic benefits associated with spending on national defense, social benefits also accrue to the country. Opponents emphasize that any economic benefits derived from high levels of spending on national defense are short-term in character, at best, and that, over the long-term, such expenditures retard economic development. The detractors of high levels of defense spending claim further that retarded economic development, in turn, leads to retarded social development (Mintz & Stevenson, 1995)."
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