Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis

Serkan K N, Serta Hopo Lu and Gurkan Bozma
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Serkan K N: Department of Economics, Faculty of Economics and Administrative Sciences, Turkey,
Serta Hopo Lu: Department of Economics, Faculty of Economics and Administrative Sciences, I d r University, Turkey

International Journal of Economics and Financial Issues, 2016, vol. 6, issue 1, 80-86

Abstract: The relationship between defense spending and economic growth is an active topic of debate for a long time. Defense spending may have negative consequences on the growth performance of developing countries in such conflict-ridden areas as the Middle East. This study is conducted to investigate the effects of defense spending on economic growth in a panel of twelve Middle Eastern countries over the period 1998-2012. The approach suggested by Swamy and Arora (1972) was employed for the empirical study. Findings of the empirical study suggest that defense spending has a negative effect on economic growth, which aggravates during times of internal and external conflicts

Keywords: Defense Spending; Economic Growth; Conflict; Middle East (search for similar items in EconPapers)
JEL-codes: E60 F52 H56 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2016-01-11

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