Browsing by Subject "Engle-Granger"
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Item Open Access Military expenditures and economic growth in Turkey(Bilkent University, 2003) Candar, ÖmürThis 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.