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Factors Affecting Military Expenditure in Asean

Author

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  • Iman Agung RAMADHAN

    (Universitas Muhammadiyah Yogyakarta Indonesia)

  • Agus Tri BASUKI

    (Universitas Muhammadiyah Yogyakarta Indonesia)

Abstract

This study aims to determine whether economic growth, unemployment and investment affect military spending in five ASEAN countries consisting of Indonesia, Malaysia, Singapore, Thailand and the Philippines in 2009-2019. This study uses secondary data with a period of ten years. Data obtained from the World Bank Indicators. This study uses panel data regression method with the selected model Fixed Effect Model. Based on the results of the analysis that has been carried out, it is obtained that there are two variables that affect military costs, namely economic growth and unemployment. Unemployment is the variable that has the most influence on military costs in the 5 Asean Countries. Meanwhile, investment has no effect on military spending. The ASEAN region is in a safe condition, so that military spending in ASEAN countries is quite stable from year to year. Political and economic stability in the ASEAN Region proves that increased investment does not encourage a significant increase in military spending.

Suggested Citation

  • Iman Agung RAMADHAN & Agus Tri BASUKI, 2022. "Factors Affecting Military Expenditure in Asean," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(5), pages 47-52, May.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:5:p:47-52
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    1. Oana Ramona Lobont & Oana Ramona Glont & Leonardo Badea & Sorana Vatavu, 2019. "Correlation of military expenditures and economic growth: lessons for Romania," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(6), pages 2957-2968, November.
    2. Kumar Narayan, Paresh & Singh, Baljeet, 2007. "The electricity consumption and GDP nexus for the Fiji Islands," Energy Economics, Elsevier, vol. 29(6), pages 1141-1150, November.
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