NDLI: The Relationship between Defense, Education and Health Expenditures in Selected Asian Countries

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The Relationship between Defense, Education and Health Expenditures in Selected Asian Countries

Content Provider	Scilit
Author	Hirnissa, M.T. Habibullah, Muzafar Shah Baharom, A.H.
Copyright Year	2009
Description	This study explores the inter-relationship between military expenditure, education expenditure and health expenditure in eight selected Asian countries namely Malaysia, Indonesia, Singapore, Philippines, Bangladesh, Nepal, Sri Lanka and South Korea. Autoregressive Distributed Lag-Restricted Error Correction Model (ARDL-RECM) procedure was utilized in the analysis. The empirical results suggest that, except for the case of Malaysia and Sri Lanka, whereby no meaningful interrelationship was detected between these three variables, the results for the rest of the countries are mixed, with differing granger causality being detected among these variables. The mixed results obtained in this study is an indicator of differing policy being implemented and will result in varying implication. Generally the error correction term is significant. Implying there is long-run relationship between defense spending, education and health expenditure.
ISSN	1916971X
e-ISSN	19169728
DOI	10.5539/ijef.v1n2p149
Journal	International Journal of Economics and Finance
Issue Number	2
Volume Number	1
Language	English
Publisher	Canadian Center of Science and Education
Publisher Date	2009-07-17
Access Restriction	Open
Subject Keyword	Social Sciences, Interdisciplinary Health Expenditure Selected Asian
Content Type	Text
Resource Type	Article

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