International Journal of Engineering and Information Systems (IJEAIS)   Year: 2024 | Volume: 8 | Issue: 4 | Page No.: 39-45 Arms Race And Economic Growth, The Case Study Of Pakistan And India Download PDF Zaib -un- nisa Abstract: This study uses the Richardson model to investigate the presence of a arms race between Pakistan and India . Using the generalized method of moments, we find that the grievance term for the Pakistan model is positive, while that for India is negative. The defense spending of both countries in the previous period is negatively related to the change in their own defense spending due to the economic or administrative incidence of an arms race. Furthermore, the defense or reaction coefficients in the specified model determine the presence of an arms race between the two countries. The signs of these coefficients are positive according to the classical Richardson model, suggesting that an arm. In fact, there is a race between Pakistan and India.