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The Nexus of Economic Growth, Military Expenditures and Income Inequality

Author

Listed:
  • Ünal Töngür

    (Middle East Technical University, Department of Economics)

  • Adem Yavuz Elveren

    (Fitchburg State University, Department of Economics, History and Political Science)

Abstract

There exists an extensive literature on the effect of military expenditures on economic growth. The literature presents conflicting results and appears lacking the possible effect of inequality. Considering these two issues in the literature, this study follows up the single country case study of Töngür and Elveren (2014)* to provide evidence for the relationship between military expenditures and economic growth for a large group of countries in panel data context for an extended time period by considering income inequality within the augmented Solow growth model.

Suggested Citation

  • Ünal Töngür & Adem Yavuz Elveren, 2015. "The Nexus of Economic Growth, Military Expenditures and Income Inequality," EY International Congress on Economics II (EYC2015), November 5-6, 2015, Ankara, Turkey 208, Ekonomik Yaklasim Association.
  • Handle: RePEc:eyd:cp2015:208
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    Keywords

    Military Expenditures; Economic Growth; Income Inequality; Augmented Solow Growth Model; Panel Data;

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