Please use this identifier to cite or link to this item: https://hdl.handle.net/11499/4826
Title: Military expenditure and economic growth in Middle Eastern countries: A dynamic panel data analysis
Authors: Yıldırım, Jülide
Sezgin, Selami
Öcal, Nadir
Keywords: Defence economics
Dynamic panel data analysis
Economic growth
Military expenditure
Abstract: Defence expenditures have both costs and benefits to the economy. The costs of defence expenditures are mainly emphasized as opportunity costs. On the other hand, defence spending may have growth-promoting potential benefits: a rise in defence spending may result in a higher aggregate demand, production and employment. This paper examines empirically the effects of military expenditures on economic growth for Middle Eastern countries and Turkey, for the time-period 1989-1999. The relationship between military expenditure and economic growth is investigated by using cross-section and dynamic panel estimation techniques. Empirical analysis indicates that military expenditure enhances economic growth in the Middle Eastern countries and Turkey as a whole. © 2005 Taylor & Francis Group Ltd.
URI: https://hdl.handle.net/11499/4826
https://doi.org/10.1080/10242690500114751
ISSN: 1024-2694
Appears in Collections:İktisadi ve İdari Bilimler Fakültesi Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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