THE EFFECTS OF DEFENCE EXPENDITURES ON GROWTH: THE CASE OF TURKEY

The aim of this paper is to examine the relationship between defence expenditureand economic growth in Turkey. Defi nition of defence and defence expenditure, characteristics of defence expenditure, definition of economic growth and economicgrowth models are explained. Defence expenditure and the ec...

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Bibliographic Details
Published in:Journal of defense resources management 2020-10, Vol.11 (2), p.5-23
Main Authors: Aygün, Salih, Oz, Tolga
Format: Article
Language:English
Subjects:
Academic disciplines
Analysis
Budgets
Business Economy / Management
Causality
Cold War
Correlation analysis
defence
defence expenditure
Defense spending
Economic development
Economic growth
Economic models
Education
Expenditures
General Reference Works
GNP
Gross National Product
Growth models
International organizations
Regression analysis
Time series
time series analysis
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Summary:The aim of this paper is to examine the relationship between defence expenditureand economic growth in Turkey. Defi nition of defence and defence expenditure, characteristics of defence expenditure, definition of economic growth and economicgrowth models are explained. Defence expenditure and the economic growth data of Turkey provided by the International Stockholm Peace Research Institute (SIPRI)reports between 1999-2019 is analyzed with correlation and regression tests via time series analysis. According to the results of Engle-Granger Cointegration and Toda and Yamamoto Causality tests defence expenditure and economic growth series are not correlated in the long run. Also, no two-way causality relationship between growth rate and defence expenditure is reached.
ISSN:2068-9403
2247-6466
2068-9403