G7 ÜLKELERİNDE ASKERİ HARCAMALAR VE EKONOMİK BÜYÜME: PANEL VERİ ANALİZİ
MILITARY EXPENDITURES AND ECONOMIC GROWTH IN G7 COUNTRIES: PANEL DATA ANALYSIS
Author(s): Mehmet Emre ÜnsalSubject(s): Supranational / Global Economy, Governance, Military policy, Political economy, Economic development, Public Finances
Published by: Dicle Üniversitesi, Sivil Havacılık Yüksekokulu
Keywords: Military Expenditures; Economic Growth; Panel Data Analysis;
Summary/Abstract: As a mandatory public finance tool, there are theoretical and applied studies which research the effects of military expenditures on economic growth. This study also aims to investigate the relationship between military expenditures and economic growth by using the data of G7 countries. For this purpose, a Panel Data Analysis is handled over the dataset of Canada, Germany, France, England, Italy, Japan and United States of America for 1970-2017 period. In this analysis, real GDP is used as the dependent variable and military expenditures, export and gross capital formation are used as the independent variables. As a result of the econometric tests, it is determined that the Panel Data Analysis must be done by Driscoll-Kraay Standard Errors estimator. According to the results of the study, military expenditures affect economic growth positively in G7 countries.
Journal: The Journal of Social Science
- Issue Year: 4/2020
- Issue No: 7
- Page Range: 25-33
- Page Count: 9
- Language: Turkish