An analytical approach on defense expenditure and economic growth

Huseyin Kalyoncu and Fatih Yucel

Journal of Economic Studies, 2006, vol. 33, issue 5, 336-343

Abstract: 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 ınvestigates 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.

Keywords: Defence sector; Expenditure; Economic growth; Turkey; Greece (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jespps:01443580610706564

DOI: 10.1108/01443580610706564

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