IDEAS home Printed from https://ideas.repec.org/a/aic/saebjn/v70y2023i2p203-220n271.html
   My bibliography  Save this article

Investigating the Nexus Between Militarization and Inflation in Turkey

Author

Listed:
  • Olcay Çolak

    (UÅŸak University)

  • Sevilay Ece Gümüş Özuyar

    (Necmettin Erbakan University Faculty of Political Sciences)

  • Duran Bülbül

    (Ankara Hacı Bayram Veli University)

Abstract

The importance of military expenditure in terms of establishing national security constitutes the main excuse for public expenditures made by states in this field. Yet, a special importance should be attached to military expenditure in terms of ensuring the efficiency of the public sectors of developing countries and rational use of resources. In fact, there is no consensus about the effect of these types of expenditures on the economy in general or the trade-offs they cause. Therefore, their effects on major macroeconomic variables and efficiency in resource allocation, production, and distribution deserve to be comprehensively addressed. To this end, this study aims to investigate the long- term effect of militarization on inflation in Turkey. By incorporating the annual data from the period 1970 to 2020 and employing the combined approach to cointegration suggested by Bayer and Hanck (2013), the presence of long-term interplay between militarization and inflation can be analyzed. After detecting the presence of cointegration, the findings of the long run model reveal that inflation is spurred by military expenditure and arms imports besides the other determinants of inflation.

Suggested Citation

  • Olcay Çolak & Sevilay Ece Gümüş Özuyar & Duran Bülbül, 2023. "Investigating the Nexus Between Militarization and Inflation in Turkey," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 70(2), pages 203-220, June.
    • Handle: RePEc:aic:saebjn:v:70:y:2023:i:2:p:203-220:n:271
    DOI: 10.47743/saeb-2023-0020
    as

    Download full text from publisher

    File URL: http://saeb.feaa.uaic.ro/index.php/saeb/article/view/1618
    Download Restriction: no
    File URL: https://libkey.io/10.47743/saeb-2023-0020?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aic:saebjn:v:70:y:2023:i:2:p:203-220:n:271. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sireteanu Napoleon-Alexandru (email available below). General contact details of provider: https://edirc.repec.org/data/feaicro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.