THE RELATIONSHIP BETWEEN MILITARY EXPENDITURES AND ECONOMIC GROWTH IN NATO COUNTRIES: PANEL DATA ANALYSIS UNDER CROSS-SECTION DEPENDENCY

Year 2016, Volume: 12 Issue: 28, 209 - 223, 01.04.2016

Mehmet Akif Destek

https://doi.org/10.17130/ijmeb.20162819853

Cited By: 2

Abstract

As though it is a frequently researched topic that the relationship between military expenditures and economic growth, it is ignored that the level of military expenditures of countries based on their rival and allied countries or international organizations which they are members. Accordingly, in study, the relationship between military expenditures and economic growth is examined with the panel data analysis considering the cross-section dependency for 14 NATO countries. In order to determine the causal relationship among variables the panel causality method developed by Dumitrescu and Hurlin 2012 is used, to investigate the causal relations of separately for each country sequential panel selection method is utilized. The results of study show that feedback hypothesis exists for the U.S. and growth hypothesis is valid for Canada, the United Kingdom, Italy and Norway

Keywords

Military Expenditures, Economic Growth, NATO, Panel Causality, Sequential Panel Selection Method

NATO ÜLKELERİNDE ASKERİ HARCAMALAR VE EKONOMİK BÜYÜME İLİŞKİSİ: YATAY KESİT BAĞIMLILIĞI ALTINDA PANEL VERİ ANALİZİ

Abstract

Askeri harcamalar ve ekonomik büyüme ilişkisi son yıllarda sıklıkla araştırılan bir konu olmakla birlikte ülkelerin askeri harcama düzeylerini genellikle rakip ve müttefik ülkelere göre ya da üyesi oldukları askeri ve siyasi uluslararası kuruluşlara göre belirledikleri olgusu göz ardı edilmektedir. Bu çalışmada, 14 NATO ülkesi için askeri harcamalar ve ekonomik büyüme ilişkisi yatay kesit bağımlılığını göz önünde bulunduran panel veri yöntemleri ile incelenmiştir. Değişkenler arasındaki nedensellik ilişkisi Dumitrescu and Hurlin 2012 tarafından geliştirilen panel nedensellik yöntemi aracılığıyla, ülkeler için ayrı ayrı nedensellik ilişkisi ise ardışık panel seçim yöntemiyle incelenmiştir. Çalışma sonucunda ABD için geri besleme hipotezinin; Kanada, İngiltere, İtalya ve Norveç için ise büyüme hipotezinin desteklendiği görülmüştür.

Keywords

Askeri Harcamalar, Ekonomik Büyüme, NATO, Panel Nedensellik, Ardışık Panel Seçim Yöntemi.

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