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Survey and Review of the Defense Economics Literature on Greece and Turkey: What Have We Learned?

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  • Jurgen Brauer

Abstract

This article contains a critical review of the literature on the economics of military affairs in Greece and Turkey as of December 1999. In particular, I review (a) arms race models; (b) models of the demand for military expenditure; (c) models measuring the economic impact of military expenditure; and (d) literature and issues related to indigenous arms production. I conclude with a number of summary lessons and observations of how future research might improve upon the existing body of work.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/10242690210969
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Defence and Peace Economics.

Volume (Year): 13 (2002)
Issue (Month): 2 ()
Pages: 85-107

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Handle: RePEc:taf:defpea:v:13:y:2002:i:2:p:85-107

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Related research

Keywords: Greece; Turkey; Review; Defense Economics; Peace Economics; Conflict; Country Studies;

References

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  1. Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 59-73.
  2. Christos Kollias & Stelios Makrydakis, 1997. "Is there a Greek-Turkish arms race?: Evidence from cointegration and causality tests," Defence and Peace Economics, Taylor & Francis Journals, vol. 8(4), pages 355-379.
  3. Carr, Jack L, 1989. "Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data: Comment," American Economic Review, American Economic Association, vol. 79(1), pages 267-71, March.
  4. LaCivita, Charles J. & Frederiksen, Peter C., 1991. "Defense spending and economic growth An alternative approach to the causality issue," Journal of Development Economics, Elsevier, vol. 35(1), pages 117-126, January.
  5. Ram, Rati, 1989. "Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data: Reply," American Economic Review, American Economic Association, vol. 79(1), pages 281-84, March.
  6. Paul Dunne & Eftychia Nikolaidou & Dimitrios Vougas, 2001. "Defence spending and economic growth: A causal analysis for Greece and Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 12(1), pages 5-26.
  7. Smith, R P, 1989. "Models of Military Expenditure," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 4(4), pages 345-59, Oct.-Dec..
  8. Krebs, Ronald R., 1999. "Perverse Institutionalism: NATO and the Greco-Turkish Conflict," International Organization, Cambridge University Press, vol. 53(02), pages 343-377, March.
  9. Rao, V V Bhanoji, 1989. "Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data: Comment," American Economic Review, American Economic Association, vol. 79(1), pages 272-80, March.
  10. Charles H. Anderton, 1989. "Arms Race Modeling," Journal of Conflict Resolution, Peace Science Society (International), vol. 33(2), pages 346-367, June.
  11. Christos Avramides, 1997. "Alternative models of Greek defence expenditures," Defence and Peace Economics, Taylor & Francis Journals, vol. 8(2), pages 145-187.
  12. Sandler,Todd & Hartley,Keith, 1999. "The Political Economy of NATO," Cambridge Books, Cambridge University Press, number 9780521638807.
  13. Biswas, Basudeb & Ram, Rati, 1986. "Military Expenditures and Economic Growth in Less Developed Countries: An Augmented Model and Further Evidence," Economic Development and Cultural Change, University of Chicago Press, vol. 34(2), pages 361-72, January.
  14. Michael Chletsos & Christos Kollias, 1997. "The Effects of Macroeconomic Aggregates on Employment Levels in Greece: A Causal Analysis," LABOUR, CEIS, vol. 11(3), pages 437-448, November.
  15. Ram, Rati, 1995. "Defense expenditure and economic growth," Handbook of Defense Economics, in: Keith Hartley & Todd Sandler (ed.), Handbook of Defense Economics, edition 1, volume 1, chapter 10, pages 251-274 Elsevier.
  16. Selami Sezgin, 1997. "Country survey X: Defence spending in Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 8(4), pages 381-409.
  17. Sandler,Todd & Hartley,Keith, 1995. "The Economics of Defense," Cambridge Books, Cambridge University Press, number 9780521447287.
  18. Christos Kollias, 1995. "Preliminary findings on the economic effects of Greek military expenditure," Applied Economics Letters, Taylor & Francis Journals, vol. 2(1), pages 16-18.
  19. Alogoskoufis, George & Smith, Ron, 1991. " On Error Correction Models: Specification, Interpretation, Estimation," Journal of Economic Surveys, Wiley Blackwell, vol. 5(1), pages 97-128.
  20. Christos Kollias & Stelios Makrydakis, 2000. "A note on the causal relationship between defence spending and growth in Greece: 1955-93," Defence and Peace Economics, Taylor & Francis Journals, vol. 11(1), pages 173-184.
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Citations

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Cited by:
  1. Chen, Pei-Fen & Lee, Chien-Chiang & Chiu, Yi-Bin, 2014. "The nexus between defense expenditure and economic growth: New global evidence," Economic Modelling, Elsevier, vol. 36(C), pages 474-483.
  2. Christos Kollias & Suzanna-Maria Paleologou, 2003. "Domestic political and external security determinants of the demand for greek military expenditure," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(6), pages 437-445.
  3. Athanassiou, Emmanuel & Kollias, Christos & Syriopoulos, Theodore, 2006. "Dynamic volatility and external security related shocks: The case of the Athens Stock Exchange," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 16(5), pages 411-424, December.
  4. Andreou, Andreas S. & Zombanakis, George A., 2010. "Financial vs human resources in the Greek-Turkish arms race 10 years on," MPRA Paper 38505, University Library of Munich, Germany.
  5. Emmanuel Athanassiou & Christos Kollias & Stavros Zografakis, 2002. "The Effects of Defence Spending Reductions: A CGE Estimation of the Foregone Peace Dividend in the Case of Greece," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 109-119.
  6. J Paul Dunne & Fanny Coulomb, 2008. "Peace, War and International Security: Economic Theories," Working Papers 0803, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
  7. J Paul Dunne, 2011. "Military Keynesianism: An Assessment," Working Papers 1106, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
  8. Selami Sezgin & Julide Yildirim, 2002. "The Demand for Turkish Defence Expenditure," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 121-128.
  9. Christos Kollias & Thanasis Maniatis, 2003. "Military expenditure and the profit rate in Greece," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(2), pages 117-127.
  10. J. Paul Dunne & Ron Smith & Dirk Willenbockel, 2005. "Models Of Military Expenditure And Growth: A Critical Review," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(6), pages 449-461.
  11. Zombanakis, George A. & Andreou, Andreas A., 2010. "Financial versus human Resources in the Greek - Turkish Arms Race 10 Years on: A forecasting Investigation using Artificial Neural Networks," MPRA Paper 38408, University Library of Munich, Germany, revised 08 Nov 2010.
  12. Ferda Halicioglu, 2005. "Defense Spending and economic growth in Turkey: an empirical application of new macroeconomic theory," Macroeconomics 0504011, EconWPA.
  13. Nadir Ocal, 2002. "Asymmetric effects of military expenditure between Turkey and Greece," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(5), pages 405-416.
  14. Christos Kollias & Suzanna-Maria Paleologou, 2002. "Is there a Greek-Turkish arms race? Some further empirical results from causality tests," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(4), pages 321-328.
  15. Giorgio d'Agostino & Luca Pieroni & J Paul Dunne, 2010. "Assessing the Effects of Military Expenditure on Growth," Working Papers 1012, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.

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