English, Article edition: An analytical approach on defense expenditure and economic growth: The case of Turkey and Greece Huseyin Kalyoncu; Fatih Yucel

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Bookmark: http://trove.nla.gov.au/version/28525
Physical Description
  • article
Language
  • English

Edition details

Title
  • An analytical approach on defense expenditure and economic growth: The case of Turkey and Greece
Author
  • Huseyin Kalyoncu
  • Fatih Yucel
Physical Description
  • article
Notes
  • Purpose – The objective of this study is to examine the relationship between defense expenditure and economic growth for Turkey and Greece in the period of 1956-2003 using yearly data. Design/​methodology/​approach – The Engle-Granger cointegration methodology and Granger causality test are used. Findings – It is found that these two variables are cointegrated for both countries studied. Unidirectional causality running from economic growth to defense expenditure is only found for Turkey. Originality/​value – The paper investigates the long-run relationship between defense expenditure and economic growth by conducting cointegration and causality tests in the context of Turkey and Greece over the period 1956-2003.
  • Defence sector, Economic growth, Expenditure, Greece, Turkey
  • RePEc:eme:jespps:v:33:y:2006:i:5:p:336-343
Language
  • English
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