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Financial versus human Resources in the Greek - Turkish Arms Race 10 Years on: A forecasting Investigation using Artificial Neural Networks

Author

Listed:
  • Zombanakis, George A.
  • Andreou, Andreas A.

Abstract

This paper looks into the Greek–Turkish arms race a decade after an earlier contribution to the issue that relied heavily on artificial neural networks. The time period between the two papers contributes to the reliability of the results derived, not just by increasing the number of observations, but also mainly by incorporating the progress made in the realm of artificial intelligence. The focus on the case of both countries unlike the paper mentioned above that dealt with just the Greek side provides ample room for comparative purposes regarding the determinants of defense expenditure on both sides. The results derived in terms of input significance estimation support the findings of the earlier research as indicated above, pointing to the leading role of the demographic preponderance of Turkey over Greece. The paper also points to the fact that 10 years later, Turkey continues to set the arms race rules against its rival by determining the defense expenditure of Greece, whereas the role of the latter in affecting the military spending of Turkey is non-existent.

Suggested Citation

  • Zombanakis, George A. & Andreou, Andreas A., 2010. "Financial versus human Resources in the Greek - Turkish Arms Race 10 Years on: A forecasting Investigation using Artificial Neural Networks," MPRA Paper 38408, University Library of Munich, Germany, revised 08 Nov 2010.
  • Handle: RePEc:pra:mprapa:38408
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    File URL: https://mpra.ub.uni-muenchen.de/38408/8/MPRA_paper_38408.pdf
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    References listed on IDEAS

    as
    1. Andreou Andreas S & Zombanakis George A, 2006. "The Arms Race between Greece and Turkey: Commenting on a Major Unresolved Issue," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 12(1), pages 1-18, September.
    2. repec:mes:challe:v:34:y:1991:i:3:p:54-58 is not listed on IDEAS
    3. A. S. Andreou & K. E. Parsopoulos & M. N. Vrahatis & G. A. Zombanakis, 2002. "Optimal versus required defence expenditure: The case of the Greek-Turkish arms race," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(4), pages 329-347.
    4. Christos Kollias & Suzanna-Maria Paleologou, 2003. "Domestic political and external security determinants of the demand for greek military expenditure," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(6), pages 437-445.
    5. Hasan Sahin & Onur Ozsoy, 2008. "Arms Race Between Greece And Turkey: A Markov Switching Approach," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(3), pages 209-216.
    6. A. S. Andreoua & G. A. Zombanakisb, 2000. "Financial versus human resources in the Greek-Turkish arms race: A forecasting investigation using artificial neural networks," Defence and Peace Economics, Taylor & Francis Journals, vol. 11(2), pages 403-426.
    7. Emmanuel Athanassiou & Christos Kollias, 2002. "Modeling the effects of military tension on foreign trade: Some preliminary empirical findings from the Greek-Turkish rivalry," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(5), pages 417-427.
    8. Ron Smith & Martin Sola & Fabio Spagnolo, 2000. "The Prisoner's Dilemma and Regime-Switching in the Greek-Turkish Arms Race," Journal of Peace Research, Peace Research Institute Oslo, vol. 37(6), pages 737-750, November.
    9. Christos Kollias & Kleanthis Sirakoulis, 2002. "Arms Racing and the Costs of Arms Imports: A Stochastic Model," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 137-143.
    10. Jurgen Brauer, 2002. "Survey and Review of the Defense Economics Literature on Greece and Turkey: What Have We Learned?," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 85-107.
    11. Dunne J. Paul & Nikolaidou Eftychia & Smith Ron P., 2005. "Is there an Arms Race between Greece and Turkey?," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 11(2), pages 1-37, November.
    12. Christos Kollias & Suzanna-Maria Paleologou, 2002. "Is there a Greek-Turkish arms race? Some further empirical results from causality tests," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(4), pages 321-328.
    13. 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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    Cited by:

    1. repec:bpj:pepspp:v:23:y:2017:i:3:p:15:n:1 is not listed on IDEAS
    2. Andreou Andreas S. & Zombanakis George A. & Migiakis Petros M., 2013. "On Defence Expenditure Reduction: Balancing Between Austerity and Security in Greece," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 19(3), pages 437-458, December.

    More about this item

    Keywords

    Greece Turkey Arms race Neural networks;

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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