THE EFFECTS OF DEFENCE EXPENDITURES ON GROWTH: THE CASE OF TURKEY
THE EFFECTS OF DEFENCE EXPENDITURES ON GROWTH: THE CASE OF TURKEY
Author(s): Salih Aygün, Tolga OzSubject(s): Education, General Reference Works, Business Economy / Management
Published by: Regional Department of Defense Resources Management Studies
Keywords: Defence; Defence Expenditure; Economic Growth; Time Series Analysis;
Summary/Abstract: The aim of this paper is to examine the relationship between defence expenditureand economic growth in Turkey. Defi nition of defence and defence expenditure, characteristics of defence expenditure, definition of economic growth and economicgrowth models are explained. Defence expenditure and the economic growth data of Turkey provided by the International Stockholm Peace Research Institute (SIPRI)reports between 1999-2019 is analyzed with correlation and regression tests via time series analysis. According to the results of Engle-Granger Cointegration and Toda and Yamamoto Causality tests defence expenditure and economic growth series are not correlated in the long run. Also, no two-way causality relationship between growth rate and defence expenditure is reached.
Journal: Journal of Defense Resources Management (JoDRM)
- Issue Year: 11/2020
- Issue No: 2
- Page Range: 5-23
- Page Count: 19
- Language: English