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Is there a Greek-Turkish arms race? Some further empirical results from causality tests

  • Christos Kollias
  • Suzanna-Maria Paleologou

The Greek-Turkish rivalry has attracted considerable attention in the defence economics literature. Given the tense bilateral relations between the two countries, a number of studies have addressed the issue of a Greek-Turkish arms race. The empirical results that have been reported vary depending on the methodology used and time period covered. Unidirectional, bi-directional as well as no causality between Greek and Turkish military expenditures have been reported. This paper contributes to the Greek-Turkish arms race literature using the causality methodology employed by Hendry and Ericsson (1991) and Davidson et al. (1978). The time period covered is 1950-1999 and the results reported here appear to suggest the presence of bi-directional causality and therefore an armaments race between Greece and Turkey.

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

Volume (Year): 13 (2002)
Issue (Month): 4 ()
Pages: 321-328

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Handle: RePEc:taf:defpea:v:13:y:2002:i:4:p:321-328
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  1. Andreou, Andreas S. & Zombanakis, George A., 2000. "Financial Versus Human Resources in the Greek-Turkish Arms Race: A Forecasting Investigation Using Artificial Neural Networks," MPRA Paper 13892, University Library of Munich, Germany.
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