Terrorist Attacks and The Effect of Defense Expenditure on Growth: Analysis of Turkey

Kubilay Çağrı Yılmaz
Additional contact information
Kubilay Çağrı Yılmaz: Celal Bayar University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2022, vol. 37, issue 117, 115-134

Abstract: The shares allocated by the states to defense expenditures from their budgets have a significant weight in the budget. Within the scope of this study, the effects of terrorist attacks and defense expenditures, which must be prevented in Turkey, on growth have been examined and thus, the economic damage of terrorism through the budget channel has been revealed. According to the boundary test analysis, while increases in terrorist attacks affect growth negatively in the short run, they are ineffective in the long run. Positive shocks (increases) in defense expenditures have negative impact on growth both in the short and long term.

Keywords: Defence Expenditure; Bütçe; Growth; Terror (search for similar items in EconPapers)
JEL-codes: E62 H60 O10 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/en/download/article-file/2162998 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:37:y:2022:i:117:p:115-134

DOI: 10.33203/mfy.1049937

Access Statistics for this article

Journal of Finance Letters (Maliye ve Finans Yazıları) is currently edited by Süleyman Kale

More articles in Journal of Finance Letters (Maliye ve Finans Yazıları) from Maliye ve Finans Yazıları Yayıncılık Ltd. Şti.
Bibliographic data for series maintained by Süleyman Kale ().