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An analytical approach on defense expenditure and economic growth: the case of Turkey and Greece

Huseyin Kalyoncu and Fatih Yucel ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Defense Expenditure; Economic Growth; Cointegration analysis; Causality test (search for similar items in EconPapers)
JEL-codes: A10 C22 (search for similar items in EconPapers)
Date: 2005, Revised 2006
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Published in Journal of Economic Studies 5.33(2006): pp. 336-343

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