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Drivers of Greek and Turkish Defense Spending

Author

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  • Waszkiewicz Grzegorz

    (Military University of Technology in Warsaw, Poland)

Abstract

This paper evaluates the factors responsible for maintaining substantial military expenditures in Greece and Turkey. The presented research encompasses theoretical and empirical aspects. First, defense spending by both countries was analyzed based on statistical data from international sources. Next, the theoretical determinants of budgetary spending are reviewed, which consider political, economic and military factors behind high expenditures on the army in Greece and in Turkey. Finally, Granger causality tests is applied to determine whether a causal relation between variables exists in the case of these two countries.

Suggested Citation

  • Waszkiewicz Grzegorz, 2016. "Drivers of Greek and Turkish Defense Spending," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 51(1), pages 33-46, September.
    • Handle: RePEc:vrs:ijomae:v:51:y:2016:i:1:p:33-46:n:4
    DOI: 10.1515/ijme-2016-0018
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    References listed on IDEAS

    as
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    5. Robert E. Looney & P.C. Frederiksen, 1986. "Defense Expenditures, External Public Debt and Growth in Developing Countries," Journal of Peace Research, Peace Research Institute Oslo, vol. 23(4), pages 329-337, December.
    6. Christos G. Kollias, 1996. "The Greek - Turkish Conflict and Greek Military Expenditure 1960-92," Journal of Peace Research, Peace Research Institute Oslo, vol. 33(2), pages 217-228, May.
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    More about this item

    Keywords

    defense spending; national security; economy; driver;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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