Kalyoncu, Huseyin and Yucel, Fatih (2005): An analytical approach on defense expenditure and economic growth: the case of Turkey and Greece. Published in: Journal of Economic Studies , Vol. 33, No. 5 (2006): pp. 336-343.
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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. Therefore we use Engle-Granger cointegration methodology and Granger causality test. It is found that these two variables are cointegrated for both countries studied. We found unidirectional causality running from economic growth to defense expenditure only for Turkey.
|Item Type:||MPRA Paper|
|Original Title:||An analytical approach on defense expenditure and economic growth: the case of Turkey and Greece|
|Keywords:||Defense Expenditure; Economic Growth; Cointegration analysis; Causality test|
|Subjects:||A - General Economics and Teaching > A1 - General Economics > A10 - General
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
|Depositing User:||Huseyin KALYONCU|
|Date Deposited:||08. Aug 2007|
|Last Modified:||14. Feb 2013 18:40|
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