Is there a Greek-Turkish arms race? Some further empirical results from causality tests

Christos Kollias and Suzanna-Maria Paleologou

Defence and Peace Economics, 2002, vol. 13, issue 4, 321-328

Abstract: The Greek-Turkish rivalry has attracted considerable attention in the defence economics literature. Given the tense bilateral relations between the two countries, a number of studies have addressed the issue of a Greek-Turkish arms race. The empirical results that have been reported vary depending on the methodology used and time period covered. Unidirectional, bi-directional as well as no causality between Greek and Turkish military expenditures have been reported. This paper contributes to the Greek-Turkish arms race literature using the causality methodology employed by Hendry and Ericsson (1991) and Davidson et al. (1978). The time period covered is 1950-1999 and the results reported here appear to suggest the presence of bi-directional causality and therefore an armaments race between Greece and Turkey.

Keywords: Greece; Turkey; Arms Race; Causality (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1080/10242690212357

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