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Military Spending and economic growth in Greece and the Arms Race between Greece and Turkey

Author

Listed:
  • Dimitrios Paparas

    (Land, Farm and Agribusiness Management Department, Harper Adams University)

  • Christian Richter

    (Faculty of Management Technology, The German University in Cairo)

Abstract

In this paper we empirically test the relationship between military spending and economic growth for Greece and Turkey during 1957-2013, and examine the validity of arms race hypothesis between the two countries.

Suggested Citation

  • Dimitrios Paparas & Christian Richter, 2015. "Military Spending and economic growth in Greece and the Arms Race between Greece and Turkey," Working Papers 38, The German University in Cairo, Faculty of Management Technology.
  • Handle: RePEc:guc:wpaper:38
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. çenberci, engin, 2020. "The Nexus Between Defense Spending and Growth: Empirical Analysis of First Euro Users," MPRA Paper 111273, University Library of Munich, Germany.
    2. Ahad, Muhammad & Dar, Adeel Ahmad, 2017. "Modeling the Asymmetric Impact of Defense Spending on Economic Growth: An Evidence from Nonlinear ARDL and Multipliers," MPRA Paper 80085, University Library of Munich, Germany, revised 2017.
    3. Karamanis, Dimitrios & Kechrinioti, Alexandra, 2023. "The Greek-Turkish rivalry: A Bayesian VAR approach," MPRA Paper 116827, University Library of Munich, Germany.
    4. Asiye TÜTÜNCÜ & Burak ŞAHİNGÖZ, 2020. "Arms Race Between Turkey and Greece: Time-Varying Causality Analysis Abstract: An arms race is the dynamic process followed by states in the acquisition of weapons. An arms race requires mutual milita," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(45).

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    More about this item

    Keywords

    National Government Expenditures; National Security and War; Arms race; Greece; Turkey; Economic Growth; ADF; VAR;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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