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In addition the results reveal that a percentage point change in the level and first lag of military expenditure (Milex) is associated with 0.30 and 2.81 percentage point reduction in GDP growth in Uganda. Also, the impact of security-related factors such as military expenditure by the neighbors, election year, and conflict type on growth rates seem to be mixed in both short and long-run scenarios.
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Results: The findings are indicative that military expenditure does affect economic growth in Uganda although the effect is not significant. By employing the augmented Solow growth model parameterized through the ARDL model, we test the impact of military expenditure on economic growth in Uganda for both short and long-run scenarios.
Nexus employment series#
Thus, in this study, a time series model is estimated to analyze the association between military/defense expenditure (as % of GDP) and economic growth in Uganda for the period 1970 through 2019. And although the country has registered some progress in economic growth, hovering at around 5% annually, its military expenditure as a percentage of GDP has also been raising at an average of 2.5%, and it is projected to continue rising if the present uncertainty in the country remains unabated. For the case of Uganda, a country that has had a fair share of its instabilities and wars, the subject of military expenditure and national security becomes a topic of national importance. There is a scanty agreement in this regard today. We are located in the heart of the City, to attract the best candidates and maintain close contact with our markets.Background: As part of public expenditure, empirical studies on the impact of military/defense expenditure on the economic growth, particularly in the case of a developing country like Uganda remain still abstruse to both policymakers, researchers, and academicians. Our various specialist divisions handle both Permanent and Contract recruitment, from trainee positions through to Managing Director level. Our team of experienced recruitment practitioners have developed long term relationships with both clients & candidates over the years, focusing on their key needs and entertaining them to an excellent service they can depend on. We believe that good relationships and trust are built up over time and must not be compromised. Hard sales techniques and pestering phone calls are the antithesis to our approach.
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Nexus employment professional#
We built our reputation in the IT sector, and have moved successfully into other business areas by maintaining our philosophy of commitment to the success of our clients and our candidates.Īll companies claim to provide a quality and professional service, however, in Nexus' case this is reflected not only by the high levels of repeat business we receive from our clients, but also through the referrals of new clients and candidates time after time. After many years' successful growth Nexus has expanded its' business activities by including the following sectors: Legal, Sales & Marketing, Secretarial & Administration. The Company was founded several years ago by people with many years expertise in IT, Accountancy, Banking and Insurance. Nexus is a professional Recruitment Consultancy , with over thirty years combined experience in resourcing and placing the right people in the right jobs.