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The present study examines the impact of information and communication technology (ICT) on the economic growth of the lower-middle income countries of South Asia. For empirical analysis, panel data approach comprising OLS, fixed effects, and random effects has been applied over the period 2000-2022. The results indicate that internet and mobile penetration induce economic growth in the lower-middle income countries of South Asia, while the estimated output elasticity for internet is highest amongst the three ICT indicators undertaken in the study. Thus, internet can be used as a growth propellant in the region to skip through the developmental stages.

India’s trade with Southeast Asia received a significant impetus in the early 1990s, with the launching of Look East Policy, after which the partners have been trading intensively and extensively. The study at hand examines the trend and composition of trade from 1992 to 2019, wherein the composition at both, aggregate and disaggregate level at 1, 2 and 3 digit SITC classification has been studied. The study further lays emphasis on technological composition and sophistication in bilateral trade, wherein trade has been studied in terms of the category of technology at the aggregate and disaggregated embodied technology level. The percentage growth in trade between India and ASEAN is found to be promising; with a two digit growth in export and import from 1992 to 2019. Results elucidate a statistically intense trade relationship between the partners, with export and import intensity indices persistently > 1. India’s exports to ASEAN are found to be highly concentrated in the resource based category, while ASEAN’s exports to India are a lot more diversified, having significant exports from the resource-based, high-technology, and medium-technology categories.

This paper is an attempt to examine the relationship between military expenditure and economic growth in South Asia region. Panel fixed effect model has been estimated using panel data from five South Asian Countries. The results indicate positive effect of military expenditure on economic growth but significantly less compared to alternative uses of scare resources as non-military expenditure. This study raises an important issue of huge opportunity cost of military expenditure and foregone opportunity of economic growth. The paper concludes that the boosting of economic growth through higher military expenditure is neither effective nor efficient way of achieving higher growth.

This paper is an attempt to examine the relationship between military expenditure and economic growth in South Asia region. Panel fixed effect model has been estimated using panel data from five South Asian Countries. The results indicate positive effect of military expenditure on economic growth but significantly less compared to alternative uses of scare resources as non-military expenditure. This study raises an important issue of huge opportunity cost of military expenditure and foregone opportunity of economic growth. The paper concludes that the boosting of economic growth through higher military expenditure is neither effective nor efficient way of achieving higher growth. Keywords: Military expenditure; Economic growth; Panel Data, South Asia JEL Classifications: H5, O41, O47

This paper is an attempt to examine the relationship between military expenditure and economic growth in South Asia region. Panel fixed effect model has been estimated using panel data from five South Asian Countries. The results indicate positive effect of military expenditure on economic growth but significantly less compared to alternative uses of scare resources as non-military expenditure. This study raises an important issue of huge opportunity cost of military expenditure and foregone opportunity of economic growth. The paper concludes that the boosting of economic growth through higher military expenditure is neither effective nor efficient way of achieving higher growth. Keywords: Military expenditure; Economic growth; Panel Data, South Asia JEL Classifications: H5, O41, O47

This paper is an attempt to examine the relationship between military expenditure and economic growth in South Asia region. Panel fixed effect model has been estimated using panel data from five South Asian Countries. The results indicate positive effect of military expenditure on economic growth but significantly less compared to alternative uses of scare resources as non-military expenditure. This study raises an important issue of huge opportunity cost of military expenditure and foregone opportunity of economic growth. The paper concludes that the boosting of economic growth through higher military expenditure is neither effective nor efficient way of achieving higher growth. Keywords: Military expenditure; Economic growth; Panel Data, South Asia JEL Classifications: H5, O41, O47