Research Article

Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis

Volume: 7 Number: 1 June 30, 2022
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Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis

Abstract

If defense expenditures are made for domestically produced products, it will have positive effects on economic growth. Similarly, the positive and long-term realization of economic growth will also have a positive effect on defense expenditures. There are many academic studies on this subject. The most important among these is the work carried out by Benoit in 1978. This study, which is included in the literature as the Benoit hypothesis, focuses on the connection between defense expenditures and economic growth. The aim of this study is to test the Benoit hypothesis, which focuses on the relationship between defense expenditures and economic growth, for the Turkish economy. In the study, the relations between defense expenditures and GDP in the period of 1990-2019 were examined, stability tests were conducted and the existence of causality relations between the indicators was tested. As a result of the analysis, the existence of a bilateral interaction between defense expenditures and economic growth has been obtained. It has been concluded that the Benoit Hypothesis is valid in the Turkish economy. In addition, it has been found that there is a mutual causality relationship between defense expenditures and economic growth, which expresses economic performance for Turkey.

Keywords

References

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  4. Benoit, E. (1978). Growth and defense in developing countries. Economic Development and Cultural Change, 26(2), 271-280.
  5. Bildirici, M. (2016). Defense, economic growth and energy consumption in China. Procedia Economics and Finance, 38, 257263.
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Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Publication Date

June 30, 2022

Submission Date

April 25, 2022

Acceptance Date

June 22, 2022

Published in Issue

Year 2022 Volume: 7 Number: 1

APA
Yardımcı, M. C. (2022). Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis. JOEEP: Journal of Emerging Economies and Policy, 7(1), 436-445. https://izlik.org/JA92XC48KP
AMA
1.Yardımcı MC. Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis. JOEEP. 2022;7(1):436-445. https://izlik.org/JA92XC48KP
Chicago
Yardımcı, M. Can. 2022. “Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis”. JOEEP: Journal of Emerging Economies and Policy 7 (1): 436-45. https://izlik.org/JA92XC48KP.
EndNote
Yardımcı MC (June 1, 2022) Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis. JOEEP: Journal of Emerging Economies and Policy 7 1 436–445.
IEEE
[1]M. C. Yardımcı, “Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis”, JOEEP, vol. 7, no. 1, pp. 436–445, June 2022, [Online]. Available: https://izlik.org/JA92XC48KP
ISNAD
Yardımcı, M. Can. “Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis”. JOEEP: Journal of Emerging Economies and Policy 7/1 (June 1, 2022): 436-445. https://izlik.org/JA92XC48KP.
JAMA
1.Yardımcı MC. Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis. JOEEP. 2022;7:436–445.
MLA
Yardımcı, M. Can. “Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis”. JOEEP: Journal of Emerging Economies and Policy, vol. 7, no. 1, June 2022, pp. 436-45, https://izlik.org/JA92XC48KP.
Vancouver
1.M. Can Yardımcı. Relationship Between Military Expenditures and Economic Growth: Testing the Validity of The Benoit Hypothesis. JOEEP [Internet]. 2022 Jun. 1;7(1):436-45. Available from: https://izlik.org/JA92XC48KP

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