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Building Maritime Security In Southeast Asia

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Category: Military and Defense
Published: Sunday, 13 July 2008 10:06
Written by Huang, Victor
The article argues that maritime security in Southeast Asia can be best achieved within the context of a neutral multinational framework. Although their economic interests may differ, states such as Singapore, Indonesia, and Malaysia all have a vested interest in a secure maritime environment. The littoral states must take a preeminent role in providing security, even though extraregional forces have a role to play as well. Source: Naval War College Review; Winter2008, Vol. 61 Issue 1, p87-105, 19p. Author: Huang, Victor. 

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Defence Expenditure and Economic Growth in Malaysia: A Reassessment Using Bounds and Modified Wald Tests

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Category: Military and Defense
Published: Sunday, 13 July 2008 05:04
Written by Tang, Chor Foon
The purpose of this study is to reinvestigate the relationship between defence expenditure and economic growth in Malaysia, over the period from 1960 to 2006. The bounds testing procedure is used to examine the long-run equilibrium relationship between defence expenditure and economic growth. The bounds test suggests that the variables are co-movement in the long run, but defence expenditure and economic growth is negatively correlated in both the short and long run. Moreover, the MWALD test shows bilateral causality evidence.  Source: ICFAI Journal of Public Finance; May2008, Vol. 6 Issue 2, p45-51, 7p. Author: Tang, Chor Foon. 

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