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An analytical approach on defense expenditure and economic growth: the case of Turkey and Greece

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Author Info
Kalyoncu, Huseyin
Yucel, Fatih

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Abstract

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. Therefore we use Engle-Granger cointegration methodology and Granger causality test. It is found that these two variables are cointegrated for both countries studied. We found unidirectional causality running from economic growth to defense expenditure only for Turkey.

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File URL: http://mpra.ub.uni-muenchen.de/4262/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4262.

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Date of creation: 2005
Date of revision: 2006
Publication status: Published in Journal of Economic Studies 5.33(2006): pp. 336-343
Handle: RePEc:pra:mprapa:4262

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Related research
Keywords: Defense Expenditure Economic Growth Cointegration analysis Causality test

Find related papers by JEL classification:
A10 - General Economics and Teaching - - General Economics - - - General
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models

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  1. Landau, Daniel, 1996. "Is one of the 'peace dividends' negative? Military expenditure and economic growth in the wealthy OECD countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(2), pages 183-195. [Downloadable!] (restricted)
  2. Hüseyin Kalyoncu, 2005. "Fiscal policy sustainability: test of intertemporal borrowing constraints," Applied Economics Letters, Taylor and Francis Journals, vol. 12(15), pages 957-962, December. [Downloadable!] (restricted)
  3. Christos Kollias & Charis Naxakisb & Leonidas Zarangasb, 2004. "Defence Spending and Growth in Cyprus: A Causal Analysis," Defence and Peace Economics, Taylor and Francis Journals, vol. 15(3), pages 299-307, June. [Downloadable!] (restricted)
  4. J. Paul Dunne & Ron Smith & Dirk Willenbockel, 2005. "Models Of Military Expenditure And Growth: A Critical Review," Defence and Peace Economics, Taylor and Francis Journals, vol. 16(6), pages 449-461, December. [Downloadable!] (restricted)
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  5. 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.
  6. Erdal Karagol & Serap Palaz, 2004. "Does defence expenditure deter economic growth in Turkey? A cointegration analysis," Defence and Peace Economics, Taylor and Francis Journals, vol. 15(3), pages 289-298, June. [Downloadable!] (restricted)
  7. Granger, C. W. J., 1988. "Some recent development in a concept of causality," Journal of Econometrics, Elsevier, vol. 39(1-2), pages 199-211. [Downloadable!] (restricted)
  8. Reitschuler, Gerhard & Loening, Josef L., 2005. "Modeling the Defense-Growth Nexus in Guatemala," World Development, Elsevier, vol. 33(3), pages 513-526, March. [Downloadable!] (restricted)
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