An analytical approach on defense expenditure and economic growth: The case of Turkey and Greece
Küçük Resim Yok
Tarih
2006
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Purpose - The objective of this study is to examine the relationship between defense expenditure and economic growth for Turkey and Greece in the period of 1956-2003 using yearly data. Design/methodology/approach - The Engle-Granger cointegration methodology and Granger causality test are used. Findings - It is found that these two variables are cointegrated for both countries studied. Unidirectional causality running from economic growth to defense expenditure is only found for Turkey. Originality/value - The paper investigates the long-run relationship between defense expenditure and economic growth by conducting cointegration and causality tests in the context of Turkey and Greece over the period 1956-2003. © Emerald Group Publishing Limited.
Açıklama
Anahtar Kelimeler
Defence sector, Economic growth, Expenditure, Greece, Turkey
Kaynak
Journal of Economic Studies
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
33
Sayı
5
