เรื่อง: Enhancing Engine for Economic Growth in Management of Defense Sector
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หมวดหมู่:
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งานวิจัย
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มิติ:
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มิติการทูต/Diplomacy
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พื้นที่/ขอบเขต:
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ภายในประเทศ/Domestic/Local
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ผู้เขียน:
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วิทยาลัยป้องกันราชอาณาจักร, Col. Sung Woo Young
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หน่วยงานเจ้าของ:
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วิทยาลัยป้องกันราชอาณาจักร
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ปีที่พิมพ์:
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2559
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จำนวนหน้า:
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การเปิดเผยข้อมูล:
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สาธารณะ
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บทคัดย่อ:
-
abstract:
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ABSTRACT
Title : Enhancing the engine for economic growth in management
of defence sector
Field : Strategy - Economics
Name : Colonel Sung, Woo Young, Course : NDC, Class 59
This paper re-examines the effect of the national defence sector on
the economic growth in the frame of the endogenous economic growth
theory. The linkage between defence expenditure and economic growth in
previous theoretical and empirical studies was reviewed and the
externality of the national defence sector was measured. Feder(1986)
model was revised to use a 3 sector model including the defence sector,
then estimated not only productivity gap between defence sector and
private sector, but also the externality of defence sector on the economy
using the panel data of 61 countries from 1970 to 2014. The result of the
estimation shows that productivity of defence sector is lower than the
private sector while the defence sector delivers significantly positive
externality for the private sector. It has also been argued in several ways
how the national defence generates those externality. The findings
indicate the importance of defence sectors roles especially in national
security and human capital formation. This study also assesses the
optimal level of defence spending ratio of GDP to maximize economic
growth, and derives a conclusion that it is higher than their actual
spending. It means each countries has a considerable incentive to increase
defence spending. Some general implications for ASEAN members to
enhance their own economic growth engine are also discussed.
Keywords: defence economics, economic growth, military expenditure,
endogenous growth model, externality, peace dividend
