Exploring the Relationship Between Military Spending & Income Inequality in South Asia

The basic objective of this paper is to examine the effect of military spending on income inequality in four major South Asian economies. In the process, we also control for other possible key determinants of income inequality subject to data availability. Using panel regression fixed effects analysis for the study period 1975 to 2005, we find from our estimates that there is a positive effect of military expenditure on income inequality.http://deepblue.lib.umich.edu/bitstream/2027.42/64381/1/wp918.pd