EN
Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis
Abstract
The relationship between defense spending and economic growth is an active topic of debate for a long time. Defense spending may have negative consequences on the growth performance of developing countries in such conflict-ridden areas as the Middle East. This study is conducted to investigate the effects of defense spending on economic growth in a panel of twelve Middle Eastern countries over the period 1998-2012. The approach suggested by Swamy and Arora (1972) was employed for the empirical study. Findings of the empirical study suggest that defense spending has a negative effect on economic growth, which aggravates during times of internal and external conflicts.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
March 1, 2016
Submission Date
March 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 1
APA
Künü, S., Hopoğlu, S., & Bozma, G. (2016). Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis. International Journal of Economics and Financial Issues, 6(1), 80-86. https://izlik.org/JA89XW36KR
AMA
1.Künü S, Hopoğlu S, Bozma G. Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis. IJEFI. 2016;6(1):80-86. https://izlik.org/JA89XW36KR
Chicago
Künü, Serkan, Sertaç Hopoğlu, and Gürkan Bozma. 2016. “Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis”. International Journal of Economics and Financial Issues 6 (1): 80-86. https://izlik.org/JA89XW36KR.
EndNote
Künü S, Hopoğlu S, Bozma G (March 1, 2016) Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis. International Journal of Economics and Financial Issues 6 1 80–86.
IEEE
[1]S. Künü, S. Hopoğlu, and G. Bozma, “Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis”, IJEFI, vol. 6, no. 1, pp. 80–86, Mar. 2016, [Online]. Available: https://izlik.org/JA89XW36KR
ISNAD
Künü, Serkan - Hopoğlu, Sertaç - Bozma, Gürkan. “Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis”. International Journal of Economics and Financial Issues 6/1 (March 1, 2016): 80-86. https://izlik.org/JA89XW36KR.
JAMA
1.Künü S, Hopoğlu S, Bozma G. Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis. IJEFI. 2016;6:80–86.
MLA
Künü, Serkan, et al. “Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis”. International Journal of Economics and Financial Issues, vol. 6, no. 1, Mar. 2016, pp. 80-86, https://izlik.org/JA89XW36KR.
Vancouver
1.Serkan Künü, Sertaç Hopoğlu, Gürkan Bozma. Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis. IJEFI [Internet]. 2016 Mar. 1;6(1):80-6. Available from: https://izlik.org/JA89XW36KR