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What is Per Capita Gross Domestic Product (in PPP)

Chapter 18
Handbook of Research on Military Expenditure on Economic and Political Resources
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. It is useful to measure the living standard of a nation and also produces useful statistic for comparison of wealth between different nations.
Published in Chapter:
Defense Expenditure and Its Impact on Health in the SAARC Countries
Maniklal Adhikary (The University of Burdwan, India) and Melisha Khatun (Aliah University Kolkata, India)
Copyright: © 2018 |Pages: 37
DOI: 10.4018/978-1-5225-4778-5.ch018
Abstract
Resources are scarce, but needs are unlimited. Therefore, the rational attempt must be designed in order to allocate optimally the limited resources to satisfy as maximum as possible our dire needs of life. This chapter attempts to examine the impact of military expenditure (percentage of GDP) on health issues of five selected SAARC countries by employing the panel data model from the period 1995 to 2015. The authors have found that as military expenditure increased, total health expenditure (percentage of GDP), public health expenditure (percentage of GDP), and private health expenditure (percentage of GDP) decreased. The present study has also witnessed an inverse relation between population growth and health expenditure. Military expenditure adversely affected the two health indicators, namely life expectancy at birth and infant mortality rate.
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