IS THERE ANY COİNTEGRATİON BETWEEN TURKEY'S AND GREECE'S MİLİTARY EXPENDİTURES?

Abstract

This study concerns about the long-run relationship between Turkey's and Greece's military expenditures due to the hostility of these two neighboring and NATO ally countries. Our data range from 1949 to 2001. After checking the series whether they are stationary or not based upon Augmented Dickey-Fuller test, we apply to Johansen's cointegration test to see the long-run connection. Our empirical findings support the long-run relationship between these two countries military expenditures. We also checked the ECM to see how the cointegrating vector feeds back on the military expenditures of the two countries

Keywords

• Cointegration, Military Expenditures, Turkey, Greece

IS THERE ANY COİNTEGRATİON BETWEEN TURKEY'S AND GREECE'S MİLİTARY EXPENDİTURES?

Abstract

Ýki NATO üyesi ve ayný zamanda iki komþu ülke olan Türkiye ve Yunanistan aralarýndaki husumetten dolayý bu ülkelerin askeri harcamalarýnda uzun dönemli bir iliþki olabileceði varsayýmý bu çalýþmada incelenecektir. Ilgilenilen dönem 1949 ve 2001 arasýdýr. Augmented Dickey-Fuller testi ile serilerin duraðanlýðýna bakýldýktan sonra Johansen eþbütünleþik testi uygulanarak uzun dönemli bir iliþkinin var olup olmadýðý araþtýrýlmýþtýr. Ampirik bulgular ilgili dönemde iki ülkenin askeri harcamalarý arasýnda uzun dönemli bir iliþkinin varlýðýný göstermektedir. Hata düzeltme modeli (ECM) ile iki ülkenin askeri harcamalarýnýn birbirlerini nasýl besledikleri de gösterilmiþtir

Keywords

• Eþbütünleþme, Askeri Harcamalar, Türkiye, Yunanistan

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