A new look at military expenditures-growth nexus in the EU: Old members vs. new members

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dc.contributor.author Topcu, Mert
dc.contributor.author Aras, İlhan
dc.contributor.author Erdoğan, Ebru
dc.date.accessioned 2021-07-06T09:11:19Z
dc.date.available 2021-07-06T09:11:19Z
dc.date.issued 2013
dc.identifier.citation Topcu, M.,Aras, i., Erdoğan, E. (2013).A New Look at Military Expenditures-Growth Nexus in the EU: Old Members vs. New Members, International Journal of Economic Sciences, II (3), 143-151. tr_TR
dc.identifier.uri http://hdl.handle.net/20.500.11787/3610
dc.description.abstract Unlike previous milex-growth studies in the EU, this paper investigates this issue in context of the older and the newer members by providing a comparative analysis within a panel framework. Annual data ranging from 1988 to 2012 are used for the two panel groups in the presence of capital stock. Pedroni’s heterogeneous panel cointegration results indicate the existence of a long-run equilibrium between military expenditures and economic growth both for the new and the old members. The findings from panel error correction model show that one size fits all in the short-run whereas the difference stems from the long-run. Once the validity of feed-back hypothesis is confirmed in the old members, results of new members provide a support of growth detriment hypothesis as such in the short-run results. The implications of these results are further discussed. tr_TR
dc.language.iso eng tr_TR
dc.rights info:eu-repo/semantics/openAccess tr_TR
dc.title A new look at military expenditures-growth nexus in the EU: Old members vs. new members tr_TR
dc.type article tr_TR
dc.relation.journal International Journal of Economic Sciences tr_TR
dc.contributor.department Nevşehir Hacı Bektaş Veli Üniversitesi/iktisadi ve idari bilimler fakültesi/iktisat bölümü/iktisat teorisi anabilim dalı tr_TR
dc.contributor.authorID 39243 tr_TR
dc.identifier.volume ıı tr_TR
dc.identifier.issue 3 tr_TR
dc.identifier.startpage 143 tr_TR
dc.identifier.endpage 151 tr_TR


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