The Impacts of Sectoral Demand for Military Expenditure on Peace Dividend: A Case for Turkey and Greece
In: Proceedings of the Conference on Human and Economic Resources
AbstractThis paper examines the effect of sectoral demand for military expenditure on the peace dividend between Greece and Turkey by employing a multi region dynamic CGE model. A general purpose of the study is to examine the prospect for conflict resolution if Turkey become a member state for the EU. This would expected to create a peace between the two countriesin, hence a possible cut back on military expenditure. The model allows to analyse several scenarios; a positive scenario is a certain amount of reduction on Military Expenditure/GDP (ME/GDP) ratios. This may cause a decrease in sectoral demand for military expenditures. This re-allocation scenarios may effect the sectoral distributýon and a higher GDP growth, higher private consumption, lower unemployment, lower interst rates, economic stability and increased FDI for Turkey and improved BoP in both countries in a different level. The economic stability and some spillover effects are some other economic benefits to the EU.
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This item is provided by Izmir University of Economics in its series Papers of the Annual IUE-SUNY Cortland Conference in Economics with number 200623.
CGE; dynamic CGE; Greece; Turkey; military expenditure;
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- Christos Kollias, 1995. "Preliminary findings on the economic effects of Greek military expenditure," Applied Economics Letters, Taylor and Francis Journals, vol. 2(1), pages 16-18.
- Christos Kollias, 1997. "Defence spending and growth in turkey 1954-1993: A causal analysis," Defence and Peace Economics, Taylor and Francis Journals, vol. 8(2), pages 189-204.
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