Military Expenditures and Quality of Life in ASEAN: Exploring the Unexplored

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F22%3A10152237" target="_blank" >RIV/26482789:_____/22:10152237 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.emerald.com/insight/content/doi/10.1108/IJSE-03-2021-0150/full/html" target="_blank" >https://www.emerald.com/insight/content/doi/10.1108/IJSE-03-2021-0150/full/html</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1108/IJSE-03-2021-0150" target="_blank" >10.1108/IJSE-03-2021-0150</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Military Expenditures and Quality of Life in ASEAN: Exploring the Unexplored

Popis výsledku v původním jazyce

Purpose - Improving the quality of life of the masses is the prime objective of all policymakers of both developed and developing countries. However, the determinants of improved quality of life are not well explored in the empirical literature. This study has, therefore, tried to identify the determinants of quality of life by focusing on military expenditures. Design/methodology/approach - Panel data from 1990-2017 is collected from internationally reliable sources for the Association of Southeast Asian Nation (ASEAN hereafter)) member countries and suitable econometric techniques are employed to estimate the designed models. Findings - The results show that military expenditures have impacted the quality of life of the ASEAN member countries both negatively and significantly. Similarly, the inflation rate has also negatively impacted the quality of life. In terms of magnitude, the negative impact of inflation rate on quality of life has exceeded the impact of military expenditures. On the other hand, trade openness, per capita income, urbanization and government expenditures have played a positive and significant role in improving the quality of life in the ASEAN region. Moreover, it is found that the positive impact of per capita income on quality of life is highest among other determinants. Originality/value - This study provided comprehensive evidence about the relationship between military expenditures and quality of life in ASEAN context. Consequently, the ASEAN member economies will benefit a lot from the results of this study.

Název v anglickém jazyce

Military Expenditures and Quality of Life in ASEAN: Exploring the Unexplored

Popis výsledku anglicky

Purpose - Improving the quality of life of the masses is the prime objective of all policymakers of both developed and developing countries. However, the determinants of improved quality of life are not well explored in the empirical literature. This study has, therefore, tried to identify the determinants of quality of life by focusing on military expenditures. Design/methodology/approach - Panel data from 1990-2017 is collected from internationally reliable sources for the Association of Southeast Asian Nation (ASEAN hereafter)) member countries and suitable econometric techniques are employed to estimate the designed models. Findings - The results show that military expenditures have impacted the quality of life of the ASEAN member countries both negatively and significantly. Similarly, the inflation rate has also negatively impacted the quality of life. In terms of magnitude, the negative impact of inflation rate on quality of life has exceeded the impact of military expenditures. On the other hand, trade openness, per capita income, urbanization and government expenditures have played a positive and significant role in improving the quality of life in the ASEAN region. Moreover, it is found that the positive impact of per capita income on quality of life is highest among other determinants. Originality/value - This study provided comprehensive evidence about the relationship between military expenditures and quality of life in ASEAN context. Consequently, the ASEAN member economies will benefit a lot from the results of this study.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

International Journal of Social Economics

ISSN

0306-8293

e-ISSN

—

Svazek periodika

49

Číslo periodika v rámci svazku

2/2022

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

14

Strana od-do

176-189

Kód UT WoS článku

000710298300001

EID výsledku v databázi Scopus

2-s2.0-85117327474