Military expenditures and economic growth in Turkey
Date
2003
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Özyıldırım, Süheyla
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Bilkent University
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English
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Abstract
This study estimates the impact of military expenditures on economic growth in Turkey over the period of 1950-2001 by employing a cointegration analysis developed by Engle and Granger (1987). The model integrates some of the commonly used variables in defence economics models into a simple growth specification and allows the influences of the defence spending on economic growth to be revealed empirically. The results indicate that military expenditures have a positive effect on economic growth both in the long and in the short run.