Publication:
FURTHER EVIDENCE ON DEFENCE SPENDING AND ECONOMIC GROWTH IN NATO COUNTRIES

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dc.contributor.authorsOzun, Alper; Erbaykal, Erman
dc.date.accessioned2022-03-13T12:45:23Z
dc.date.available2022-03-13T12:45:23Z
dc.date.issued2014
dc.description.abstractThe main purpose of this paper is to analyze the causal relationships between defence spending and economic growth using the Toda-Yamamoto approach to Granger causality test in the case of selected NATO countries for the period of 1949-2006. NATO countries spend biggest proportion of defence spending in the world. Granger causality test on defence-growth issue employed by number of scholars but this paper is firstly used Toda-Yamamoto approach to granger causality to analyze relationship between defence spending and growth. The results show that unidirectional causality exists in seven NATO countries while for five countries no causal relationships were found. On the other hand, Turkey differs from other countries in that the relationship is bilateral.
dc.identifier.doidoiWOS:000338090100014
dc.identifier.eissn1842-3264
dc.identifier.issn0424-267X
dc.identifier.urihttps://hdl.handle.net/11424/237772
dc.identifier.wosWOS:000338090100014
dc.language.isoeng
dc.publisherACAD ECONOMIC STUDIES
dc.relation.ispartofECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectDefence spending
dc.subjectTurkish economy
dc.subjectGranger causality
dc.subjectNATO
dc.subjecteconomic growth
dc.subjectToda-Yamamoto approach
dc.subjectCOINTEGRATION
dc.subjectCAUSALITY
dc.subjectINFERENCE
dc.subjectGREECE
dc.titleFURTHER EVIDENCE ON DEFENCE SPENDING AND ECONOMIC GROWTH IN NATO COUNTRIES
dc.typearticle
dspace.entity.typePublication
local.avesis.idde4fbe38-d1df-4f06-bc7c-a1e031d5eac1
local.import.packageSS17
local.indexed.atWOS
local.journal.numberofpages12
oaire.citation.endPage244
oaire.citation.issue2
oaire.citation.startPage233
oaire.citation.titleECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH
oaire.citation.volume48

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