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Defense Spending and economic growth in Turkey: an empirical application of new macroeconomic theory

Ferda Halicioglu

Macroeconomics from University Library of Munich, Germany

Abstract: This study prsents new empirical evidence on the relationship between the level of of economic growth and defense expenditures in the case of Turkey for the period of 1950-2002. On using new macroeconomic and multivariate cointegration procedure, this study demonstrates empirically that there exists apositive relationship between aggregate defense spending and aggregate output in Turkey. In addition, the CUSUM and CUSUMSQ tests confirm the stability of aggregateb output function. The results obtained from this study are, by and large, in line with the previous studies concerning Turkey.

Keywords: aggregate output; aggregate defense spending; cointegration; stability tests; Turkey (search for similar items in EconPapers)
JEL-codes: E69 E60 H50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa and nep-mac
Date: 2005-04-06
Note: Type of Document - pdf
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Journal Article: Defense Spending and Economic Growth in Turkey: An Empirical Application of New Macroeconomic Theory (2004) Downloads
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