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Year 2026, Issue: 71, 301 - 320, 25.03.2026
https://doi.org/10.53568/yyusbed.1850834
https://izlik.org/JA73EE28FA

Abstract

References

  • Akaike, H. (1974). A new look at the statistical model identification. IEEE Transactionson Automatic Control, 19(6), 716–723. https://doi.org/10.1109/TAC.1974.1100705
  • Asteriou, D. & Hall, S. (2007). Applied econometrics a modern approach. China: Palgrave Macmillan.
  • Aydın, R. (2025). The effects of defence expenditures on economic growth: A case study on Turkey. Fiscaoeconomia, 9(4), 2097-2111. https://doi.org/10.25295/fsecon.1612426
  • Becker, J., & Dunne, J. P. (2023). Military spending composition and economic growth. Defence and Peace Economics, 34(3), 259-271. https://doi.org/10.1080/10242694.2021.2003530
  • Brooks, C. (2008). Introductory econometrics for finance. New York: Cambridge University Press.
  • Cappelen, A., Gleditsch, N. P., & Bjerkholt, O. (1984). Military spending and economic growth in the OECD countries. Journal of Peace Research, 21(4), 361-373. https://doi.org/10.1177/002234338402100404
  • Ceyhan, T. & Köstekçi, A. (2021). The effect of military expenditures on economic growth and unemployment: Evidence from Turkey. Fırat Üniversitesi Sosyal Bilimler Dergisi, 31, 2(913-928). https://doi.org/10.18069/firatsbed.898944
  • Chang, H.-C., Huang, B.-N., & Yang, C. W. (2011). Military expenditure and economic growth across different groups: A dynamic panel granger-causality approach. Economic Modelling, 28(6), 2416-2423. https://doi.org/10.1016/j.econmod.2011.06.001
  • Chowdhury, A. R. (1991). A causal analysis of defense spending and economic growth. Journal of Conflict Resolution, 35(1), 80-97. https://doi.org/10.1177/0022002791035001005
  • Çevik, E. İ., & Bektaş, G. (2019). Savunma harcamaları ve ekonomik büyüme ilişkisi: Türkiye örneği. Balkan Sosyal Bilimler Dergisi, 8(16), 229-236.
  • d’Agostino, G., Dunne, J. P., & Pieroni, L. (2019). Military expenditure, endogeneity and economic growth. Defence and Peace Economics, 30(5), 509-524. https://doi.org/10.1080/10242694.2017.1422314
  • Deger, S. (1986). Economic development and defense expenditure. Economic Development and Cultural Change, 35(1), 179–196. https://doi.org/10.1086/451577
  • Desli, E., Gkoulgkoutsika, A., & Katrakilidis, C. (2017). Investigating the dynamic interaction between military spending and economic growth. Review of Development Economics, 21(3), 511-526. https://doi.org/10.1111/rode.12268
  • Desli, E., & Gkoulgkoutsika, A. (2021). Military spending and economic growth: A panel data investigation. Economic Change and Restructuring, 54(3), 781-806. https://doi.org/10.1007/s10644-020-09267-8
  • Dickey, D. & Fuller, W. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), 427-431. https://doi.org/10.2307/2286348
  • Dimitriou, D., Goulas, E., Kallandranis, C., & Drakos, K. (2025). Military expenditures and economic growth: Evidence from NATO and non-NATO alliances. Defence and Peace Economics, 36(3), 324-348. https://doi.org/10.1080/10242694.2024.2346860
  • Dunne, J. P., & Uye, M. (2009). Defence spending and development, In Andrew T. H. Tan (Ed.), The global arms trade a handbook (pp. 293-305). New York: Routledge.
  • Dunne, J. P., Smith, R. P., & Willenbockel, D. (2005). Models of military expenditure and growth: A critical review. Defence and Peace Economics, 16(6), 449-461. https://doi.org/10.1080/10242690500167791
  • Dunne, J. P., & Smith, R. P. (2020). Military expenditure, investment and growth. Defence and Peace Economics, 31(6), 601-614. https://doi.org/10.1080/10242694.2019.1636182
  • Durgun, Ö., & Timur, M. C. (2017). Savunma harcamaları ve ekonomik büyüme ilişkisi: Türkiye analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (54), 126-137.
  • Dursun, E., & Bursal, M. (2025). D-8 ülkelerinde savunma harcamalarının ekonomik büyümeye etkisi. MANAS Sosyal Araştırmalar Dergisi, 14(3), 1032-1046. https://doi.org/10.33206/mjss.1597653
  • Ebghaei, F. (2021). Investigating crowding-out effect of government expenditures: Evidence from Turkey. İzmir İktisat Dergisi, 36(4), 867-879. https://doi.org/10.24988/ije.792077
  • Efe, E., & Aydın, Ü. (2025a). The nexus between defense expenditures, geopolitical risk, political stability and macroeconomic indicators: Evidence from Türkiye. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (84), 283-301. https://doi.org/10.51290/dpusbe.1631179
  • Efe, E., & Aydın, Ü. (2025b). The effect of macroeconomic indicators, geopolitical risk and political stability index on military expenditures. Dicle Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (40), 178-196. https://doi.org/10.15182/diclesosbed.1655613
  • Enders, W. (2014). Applied econometric time series (4th edition). New Jersey: Wiley.
  • Ferraz, R. (2022). The portuguese military expenditure from a historical perspective. Defence and Peace Economics, 33(3), 347-365. https://doi.org/10.1080/10242694.2020.1818424
  • Gokmenoglu, K. K., Taspinar, N., & Sadeghieh, M. (2015). Military expenditure and economic growth: The case of Turkey. Procedia Economics and Finance, 25, 455-462. https://doi.org/10.1016/S2212-5671(15)00757-1
  • Gölpek, F., Köse, Z., & Doğan, F. C. (2019). Savunma harcamalarının ekonomik büyüme üzerindeki etkisinin incelenmesi: Türkiye örneği. Uluslararası Ticaret ve Ekonomi Araştırmaları Dergisi, 3(1), 30-40. https://doi.org/10.30711/utead.527830
  • Granger, C. W. J. (1969). Investigating causal relations by econometric models and cross spectral methods. Econometrica, 37(3), 424–438.
  • Grober, L. M., & Porter, R. C. (1989). Benoit revisited: Defense spending and economic growth in LDCs. Journal of Conflict Resolution, 33(2): 318-345. https://doi.org/10.1177/0022002789033002007
  • Hamilton, J. D. (1994). Time series analysis. New Jersey: Princeton University Press.
  • İşler, K., & Pekmezci, A. (2025). Savunma harcamaları, işsizlik ve enflasyonun ekonomik büyümeye etkisi: 1982-2023 dönemi Türkiye örneği. Toplum Ekonomi ve Yönetim Dergisi, 6(3), 571-597. https://doi.org/10.58702/teyd.1704300
  • Karadam, D. Y., Yıldırım, J., & Öcal, N. (2017). Military expenditure and economic growth in middle Eastern countries and Turkey: A non-linear panel data approach. Defence and Peace Economics, 28(6), 719-730. https://doi.org/10.1080/10242694.2016.1195573
  • Kelly, T., & Rishi, M. (2003). An empirical study of the spin-off effects of military spending. Defence and Peace Economics, 14(1), 1-17. https://doi.org/10.1080/10242690302938
  • Khalid, U., & Habimana, O. (2021). Military spending and economic growth in Turkey: A wavelet approach. Defence and Peace Economics, 32(3), 362-376. https://doi.org/10.1080/10242694.2019.1664865
  • Khalid, M. A., & Razaq, M. A. J. A. (2015). The impact of military spending on economic growth: Evidence from the US economy. Catalyst, 6(7), 183-190.
  • Knight, M., Loayza, N., & Villanueva, D. (1996). The peace dividend: military spending cuts and economic growth. Staff Papers, 43(1), 1-37. https://doi.org/10.2307/3867351
  • Kollias, C., Mylonidis, N., & Paleologou, S. M. (2007). A panel data analysis of the nexus between defence spending and growth in the European Union. Defence and Peace Economics, 18(1), 75-85. https://doi.org/10.1080/10242690600722636
  • Lim, D. (1983). Another look at growth and defense in less developed countries. Economic Development and Cultural Change, 31, 377–384. https://doi.org/10.1086/451326
  • Lobont, O. R., Glont, O. R., Badea, L., & Vatavu, S. (2019). Correlation of military expenditures and economic growth: Lessons for Romania. Quality&Quantity, 53, 2957-2968. https://doi.org/10.1007/s11135-019-00910-9
  • Lütkepohl, H. (2005). New introduction to multiple time series analysis. Springer- Verlag.
  • Kök, D. & Uyğur, M. E. (2014). Finansal piyasalarda fiyat etkileşimi: BİST 100 ve seçilmiş finansal göstergeler için VAR analizi. Pamukkale İşletme ve Yönetim Bilişimi Dergisi, 1(1), 1-23. https://doi: 10.5505/pibyd.2014.76486
  • MacKinnon, J. G. (1991). Critical values for cointegration tests. In R.F Engle and C.W.J Granger (Ed.), Long-run economic relationships (pp. 267-276). UK: Oxford University Press.
  • Mylonidis, N. (2008). Revisiting the nexus between military spending and growth in the Europe Union. Defence and Peace Economics, 19(4), 265-272. https://doi.org/10.1080/10242690802164801
  • Naimoğlu, M., & Özbek, S. (2022). Türkiye’de savunma harcamaları ve ekonomik büyüme ilişkisinin yeniden gözden geçirilmesi: Fourier yaklaşımı. İzmir İktisat Dergisi, 37(1), 174-188. https://doi.org/10.24988/ije.909072
  • Ozcicek, O., & McMillin, D. (1999). Lag length selection in vector auto regressive models: Symmetric and asymmetric lags. Applied Economics, 31, 517-524. https://doi.org/10.1080/000368499324237
  • Pradhan, R. P., Arvin, M. B., Norman, N.R., & Bhinder, H. K. (2013). Military expenditure and economic growth: Using causality, cointegration and missing variables. International Journal of Computational Economics and Econometrics, 3(3-4): 164–186. https://doi.org/10.1504/IJCEE.2013.058496
  • Rachev, S., Mittnik, S., Fabozzi, F., Focardi S., & Jasic T. (2007). Financial econometrics. Canada: Wiley.
  • Saeed, L. (2025). The impact of military expenditures on economic growth: A new instrumental variables approach. Defence and Peace Economics, 36(1), 86-101. https://doi.org/10.1080/10242694.2023.2259651
  • Shaaba Saba, C., & Ngepah, N. (2019). Military expenditure and economic growth: Evidence from a heterogeneous panel of African countries. Economic Research-Ekonomska Istraživanja, 32(1), 3586-3606. https://doi.org/10.1080/1331677X.2019.1674179
  • Shahid, A. & Saba, I. (2015). Economic growth and military expenditure linkages: A panel data analysis. International Economic Policy, 2(23), 48-72.
  • Schwarz, G. (1978). Estimating the dimensión of a model. The Annals of Statistics, 6(2), 461–464. https://doi.org/10.1214/aos/1176344136
  • Sezgin, Ş., & Yağtu, G. (2019). Türkiye’de savunma harcamaları ve ekonomik büyüme ilişkisi. Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi, 6(8), 1-13.
  • Sims, C. A. (1980). Macroeconomics and reality. Econometrica, 48(1), 1–48. https://doi.org/10.2307/1912017
  • Tarı, R. (2005). Ekonometri. Kocaeli Üniversitesi, Yayın No: 172. İstanbul: Avcı Ofset.
  • Topal, M. H. (2018). Türkiye’de askeri harcamalar ile ekonomik büyüme arasındaki ilişkinin bir analizi (1960-2016). Maliye Dergisi, 174, 175-202.
  • Turan, T., Karakaş, M., & Özer, H. A. (2018). Askeri harcamalar ve ekonomik büyüme ilişkisi: Panel eşbütünleşme ve nedensellik analizi. Maliye Dergisi, 175, 140-153.
  • Zhao, L., Zhao, L., & Chen, B. F. (2017). The interrelationship between defence spending, public expenditures and economic growth: Evidence from China. Defence and Peace Economics, 28(6), 703-718. https://doi.org/10.1080/10242694.2015.1111603
  • Wijeweera, A. & Webb, M. J. (2011). Military spending and economic growth in South Asia: A panel data analysis. Defence and Peace Economics, 22(5), 545-554. https://doi.org/10.1080/10242694.2010.533905
  • World Bank (2025). GDP per capita growth (annual %)- Turkiye. https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=TR , (Erişim tarihi: 01.09.2025).
  • World Bank (2025). Military expenditure (% of GDP)- Turkiye. https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS?locations=TR , (Erişim tarihi: 01.09.2025).

Year 2026, Issue: 71, 301 - 320, 25.03.2026
https://doi.org/10.53568/yyusbed.1850834
https://izlik.org/JA73EE28FA

Abstract

References

  • Akaike, H. (1974). A new look at the statistical model identification. IEEE Transactionson Automatic Control, 19(6), 716–723. https://doi.org/10.1109/TAC.1974.1100705
  • Asteriou, D. & Hall, S. (2007). Applied econometrics a modern approach. China: Palgrave Macmillan.
  • Aydın, R. (2025). The effects of defence expenditures on economic growth: A case study on Turkey. Fiscaoeconomia, 9(4), 2097-2111. https://doi.org/10.25295/fsecon.1612426
  • Becker, J., & Dunne, J. P. (2023). Military spending composition and economic growth. Defence and Peace Economics, 34(3), 259-271. https://doi.org/10.1080/10242694.2021.2003530
  • Brooks, C. (2008). Introductory econometrics for finance. New York: Cambridge University Press.
  • Cappelen, A., Gleditsch, N. P., & Bjerkholt, O. (1984). Military spending and economic growth in the OECD countries. Journal of Peace Research, 21(4), 361-373. https://doi.org/10.1177/002234338402100404
  • Ceyhan, T. & Köstekçi, A. (2021). The effect of military expenditures on economic growth and unemployment: Evidence from Turkey. Fırat Üniversitesi Sosyal Bilimler Dergisi, 31, 2(913-928). https://doi.org/10.18069/firatsbed.898944
  • Chang, H.-C., Huang, B.-N., & Yang, C. W. (2011). Military expenditure and economic growth across different groups: A dynamic panel granger-causality approach. Economic Modelling, 28(6), 2416-2423. https://doi.org/10.1016/j.econmod.2011.06.001
  • Chowdhury, A. R. (1991). A causal analysis of defense spending and economic growth. Journal of Conflict Resolution, 35(1), 80-97. https://doi.org/10.1177/0022002791035001005
  • Çevik, E. İ., & Bektaş, G. (2019). Savunma harcamaları ve ekonomik büyüme ilişkisi: Türkiye örneği. Balkan Sosyal Bilimler Dergisi, 8(16), 229-236.
  • d’Agostino, G., Dunne, J. P., & Pieroni, L. (2019). Military expenditure, endogeneity and economic growth. Defence and Peace Economics, 30(5), 509-524. https://doi.org/10.1080/10242694.2017.1422314
  • Deger, S. (1986). Economic development and defense expenditure. Economic Development and Cultural Change, 35(1), 179–196. https://doi.org/10.1086/451577
  • Desli, E., Gkoulgkoutsika, A., & Katrakilidis, C. (2017). Investigating the dynamic interaction between military spending and economic growth. Review of Development Economics, 21(3), 511-526. https://doi.org/10.1111/rode.12268
  • Desli, E., & Gkoulgkoutsika, A. (2021). Military spending and economic growth: A panel data investigation. Economic Change and Restructuring, 54(3), 781-806. https://doi.org/10.1007/s10644-020-09267-8
  • Dickey, D. & Fuller, W. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), 427-431. https://doi.org/10.2307/2286348
  • Dimitriou, D., Goulas, E., Kallandranis, C., & Drakos, K. (2025). Military expenditures and economic growth: Evidence from NATO and non-NATO alliances. Defence and Peace Economics, 36(3), 324-348. https://doi.org/10.1080/10242694.2024.2346860
  • Dunne, J. P., & Uye, M. (2009). Defence spending and development, In Andrew T. H. Tan (Ed.), The global arms trade a handbook (pp. 293-305). New York: Routledge.
  • Dunne, J. P., Smith, R. P., & Willenbockel, D. (2005). Models of military expenditure and growth: A critical review. Defence and Peace Economics, 16(6), 449-461. https://doi.org/10.1080/10242690500167791
  • Dunne, J. P., & Smith, R. P. (2020). Military expenditure, investment and growth. Defence and Peace Economics, 31(6), 601-614. https://doi.org/10.1080/10242694.2019.1636182
  • Durgun, Ö., & Timur, M. C. (2017). Savunma harcamaları ve ekonomik büyüme ilişkisi: Türkiye analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (54), 126-137.
  • Dursun, E., & Bursal, M. (2025). D-8 ülkelerinde savunma harcamalarının ekonomik büyümeye etkisi. MANAS Sosyal Araştırmalar Dergisi, 14(3), 1032-1046. https://doi.org/10.33206/mjss.1597653
  • Ebghaei, F. (2021). Investigating crowding-out effect of government expenditures: Evidence from Turkey. İzmir İktisat Dergisi, 36(4), 867-879. https://doi.org/10.24988/ije.792077
  • Efe, E., & Aydın, Ü. (2025a). The nexus between defense expenditures, geopolitical risk, political stability and macroeconomic indicators: Evidence from Türkiye. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (84), 283-301. https://doi.org/10.51290/dpusbe.1631179
  • Efe, E., & Aydın, Ü. (2025b). The effect of macroeconomic indicators, geopolitical risk and political stability index on military expenditures. Dicle Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (40), 178-196. https://doi.org/10.15182/diclesosbed.1655613
  • Enders, W. (2014). Applied econometric time series (4th edition). New Jersey: Wiley.
  • Ferraz, R. (2022). The portuguese military expenditure from a historical perspective. Defence and Peace Economics, 33(3), 347-365. https://doi.org/10.1080/10242694.2020.1818424
  • Gokmenoglu, K. K., Taspinar, N., & Sadeghieh, M. (2015). Military expenditure and economic growth: The case of Turkey. Procedia Economics and Finance, 25, 455-462. https://doi.org/10.1016/S2212-5671(15)00757-1
  • Gölpek, F., Köse, Z., & Doğan, F. C. (2019). Savunma harcamalarının ekonomik büyüme üzerindeki etkisinin incelenmesi: Türkiye örneği. Uluslararası Ticaret ve Ekonomi Araştırmaları Dergisi, 3(1), 30-40. https://doi.org/10.30711/utead.527830
  • Granger, C. W. J. (1969). Investigating causal relations by econometric models and cross spectral methods. Econometrica, 37(3), 424–438.
  • Grober, L. M., & Porter, R. C. (1989). Benoit revisited: Defense spending and economic growth in LDCs. Journal of Conflict Resolution, 33(2): 318-345. https://doi.org/10.1177/0022002789033002007
  • Hamilton, J. D. (1994). Time series analysis. New Jersey: Princeton University Press.
  • İşler, K., & Pekmezci, A. (2025). Savunma harcamaları, işsizlik ve enflasyonun ekonomik büyümeye etkisi: 1982-2023 dönemi Türkiye örneği. Toplum Ekonomi ve Yönetim Dergisi, 6(3), 571-597. https://doi.org/10.58702/teyd.1704300
  • Karadam, D. Y., Yıldırım, J., & Öcal, N. (2017). Military expenditure and economic growth in middle Eastern countries and Turkey: A non-linear panel data approach. Defence and Peace Economics, 28(6), 719-730. https://doi.org/10.1080/10242694.2016.1195573
  • Kelly, T., & Rishi, M. (2003). An empirical study of the spin-off effects of military spending. Defence and Peace Economics, 14(1), 1-17. https://doi.org/10.1080/10242690302938
  • Khalid, U., & Habimana, O. (2021). Military spending and economic growth in Turkey: A wavelet approach. Defence and Peace Economics, 32(3), 362-376. https://doi.org/10.1080/10242694.2019.1664865
  • Khalid, M. A., & Razaq, M. A. J. A. (2015). The impact of military spending on economic growth: Evidence from the US economy. Catalyst, 6(7), 183-190.
  • Knight, M., Loayza, N., & Villanueva, D. (1996). The peace dividend: military spending cuts and economic growth. Staff Papers, 43(1), 1-37. https://doi.org/10.2307/3867351
  • Kollias, C., Mylonidis, N., & Paleologou, S. M. (2007). A panel data analysis of the nexus between defence spending and growth in the European Union. Defence and Peace Economics, 18(1), 75-85. https://doi.org/10.1080/10242690600722636
  • Lim, D. (1983). Another look at growth and defense in less developed countries. Economic Development and Cultural Change, 31, 377–384. https://doi.org/10.1086/451326
  • Lobont, O. R., Glont, O. R., Badea, L., & Vatavu, S. (2019). Correlation of military expenditures and economic growth: Lessons for Romania. Quality&Quantity, 53, 2957-2968. https://doi.org/10.1007/s11135-019-00910-9
  • Lütkepohl, H. (2005). New introduction to multiple time series analysis. Springer- Verlag.
  • Kök, D. & Uyğur, M. E. (2014). Finansal piyasalarda fiyat etkileşimi: BİST 100 ve seçilmiş finansal göstergeler için VAR analizi. Pamukkale İşletme ve Yönetim Bilişimi Dergisi, 1(1), 1-23. https://doi: 10.5505/pibyd.2014.76486
  • MacKinnon, J. G. (1991). Critical values for cointegration tests. In R.F Engle and C.W.J Granger (Ed.), Long-run economic relationships (pp. 267-276). UK: Oxford University Press.
  • Mylonidis, N. (2008). Revisiting the nexus between military spending and growth in the Europe Union. Defence and Peace Economics, 19(4), 265-272. https://doi.org/10.1080/10242690802164801
  • Naimoğlu, M., & Özbek, S. (2022). Türkiye’de savunma harcamaları ve ekonomik büyüme ilişkisinin yeniden gözden geçirilmesi: Fourier yaklaşımı. İzmir İktisat Dergisi, 37(1), 174-188. https://doi.org/10.24988/ije.909072
  • Ozcicek, O., & McMillin, D. (1999). Lag length selection in vector auto regressive models: Symmetric and asymmetric lags. Applied Economics, 31, 517-524. https://doi.org/10.1080/000368499324237
  • Pradhan, R. P., Arvin, M. B., Norman, N.R., & Bhinder, H. K. (2013). Military expenditure and economic growth: Using causality, cointegration and missing variables. International Journal of Computational Economics and Econometrics, 3(3-4): 164–186. https://doi.org/10.1504/IJCEE.2013.058496
  • Rachev, S., Mittnik, S., Fabozzi, F., Focardi S., & Jasic T. (2007). Financial econometrics. Canada: Wiley.
  • Saeed, L. (2025). The impact of military expenditures on economic growth: A new instrumental variables approach. Defence and Peace Economics, 36(1), 86-101. https://doi.org/10.1080/10242694.2023.2259651
  • Shaaba Saba, C., & Ngepah, N. (2019). Military expenditure and economic growth: Evidence from a heterogeneous panel of African countries. Economic Research-Ekonomska Istraživanja, 32(1), 3586-3606. https://doi.org/10.1080/1331677X.2019.1674179
  • Shahid, A. & Saba, I. (2015). Economic growth and military expenditure linkages: A panel data analysis. International Economic Policy, 2(23), 48-72.
  • Schwarz, G. (1978). Estimating the dimensión of a model. The Annals of Statistics, 6(2), 461–464. https://doi.org/10.1214/aos/1176344136
  • Sezgin, Ş., & Yağtu, G. (2019). Türkiye’de savunma harcamaları ve ekonomik büyüme ilişkisi. Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi, 6(8), 1-13.
  • Sims, C. A. (1980). Macroeconomics and reality. Econometrica, 48(1), 1–48. https://doi.org/10.2307/1912017
  • Tarı, R. (2005). Ekonometri. Kocaeli Üniversitesi, Yayın No: 172. İstanbul: Avcı Ofset.
  • Topal, M. H. (2018). Türkiye’de askeri harcamalar ile ekonomik büyüme arasındaki ilişkinin bir analizi (1960-2016). Maliye Dergisi, 174, 175-202.
  • Turan, T., Karakaş, M., & Özer, H. A. (2018). Askeri harcamalar ve ekonomik büyüme ilişkisi: Panel eşbütünleşme ve nedensellik analizi. Maliye Dergisi, 175, 140-153.
  • Zhao, L., Zhao, L., & Chen, B. F. (2017). The interrelationship between defence spending, public expenditures and economic growth: Evidence from China. Defence and Peace Economics, 28(6), 703-718. https://doi.org/10.1080/10242694.2015.1111603
  • Wijeweera, A. & Webb, M. J. (2011). Military spending and economic growth in South Asia: A panel data analysis. Defence and Peace Economics, 22(5), 545-554. https://doi.org/10.1080/10242694.2010.533905
  • World Bank (2025). GDP per capita growth (annual %)- Turkiye. https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=TR , (Erişim tarihi: 01.09.2025).
  • World Bank (2025). Military expenditure (% of GDP)- Turkiye. https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS?locations=TR , (Erişim tarihi: 01.09.2025).

Year 2026, Issue: 71, 301 - 320, 25.03.2026
https://doi.org/10.53568/yyusbed.1850834
https://izlik.org/JA73EE28FA

Abstract

References

  • Akaike, H. (1974). A new look at the statistical model identification. IEEE Transactionson Automatic Control, 19(6), 716–723. https://doi.org/10.1109/TAC.1974.1100705
  • Asteriou, D. & Hall, S. (2007). Applied econometrics a modern approach. China: Palgrave Macmillan.
  • Aydın, R. (2025). The effects of defence expenditures on economic growth: A case study on Turkey. Fiscaoeconomia, 9(4), 2097-2111. https://doi.org/10.25295/fsecon.1612426
  • Becker, J., & Dunne, J. P. (2023). Military spending composition and economic growth. Defence and Peace Economics, 34(3), 259-271. https://doi.org/10.1080/10242694.2021.2003530
  • Brooks, C. (2008). Introductory econometrics for finance. New York: Cambridge University Press.
  • Cappelen, A., Gleditsch, N. P., & Bjerkholt, O. (1984). Military spending and economic growth in the OECD countries. Journal of Peace Research, 21(4), 361-373. https://doi.org/10.1177/002234338402100404
  • Ceyhan, T. & Köstekçi, A. (2021). The effect of military expenditures on economic growth and unemployment: Evidence from Turkey. Fırat Üniversitesi Sosyal Bilimler Dergisi, 31, 2(913-928). https://doi.org/10.18069/firatsbed.898944
  • Chang, H.-C., Huang, B.-N., & Yang, C. W. (2011). Military expenditure and economic growth across different groups: A dynamic panel granger-causality approach. Economic Modelling, 28(6), 2416-2423. https://doi.org/10.1016/j.econmod.2011.06.001
  • Chowdhury, A. R. (1991). A causal analysis of defense spending and economic growth. Journal of Conflict Resolution, 35(1), 80-97. https://doi.org/10.1177/0022002791035001005
  • Çevik, E. İ., & Bektaş, G. (2019). Savunma harcamaları ve ekonomik büyüme ilişkisi: Türkiye örneği. Balkan Sosyal Bilimler Dergisi, 8(16), 229-236.
  • d’Agostino, G., Dunne, J. P., & Pieroni, L. (2019). Military expenditure, endogeneity and economic growth. Defence and Peace Economics, 30(5), 509-524. https://doi.org/10.1080/10242694.2017.1422314
  • Deger, S. (1986). Economic development and defense expenditure. Economic Development and Cultural Change, 35(1), 179–196. https://doi.org/10.1086/451577
  • Desli, E., Gkoulgkoutsika, A., & Katrakilidis, C. (2017). Investigating the dynamic interaction between military spending and economic growth. Review of Development Economics, 21(3), 511-526. https://doi.org/10.1111/rode.12268
  • Desli, E., & Gkoulgkoutsika, A. (2021). Military spending and economic growth: A panel data investigation. Economic Change and Restructuring, 54(3), 781-806. https://doi.org/10.1007/s10644-020-09267-8
  • Dickey, D. & Fuller, W. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), 427-431. https://doi.org/10.2307/2286348
  • Dimitriou, D., Goulas, E., Kallandranis, C., & Drakos, K. (2025). Military expenditures and economic growth: Evidence from NATO and non-NATO alliances. Defence and Peace Economics, 36(3), 324-348. https://doi.org/10.1080/10242694.2024.2346860
  • Dunne, J. P., & Uye, M. (2009). Defence spending and development, In Andrew T. H. Tan (Ed.), The global arms trade a handbook (pp. 293-305). New York: Routledge.
  • Dunne, J. P., Smith, R. P., & Willenbockel, D. (2005). Models of military expenditure and growth: A critical review. Defence and Peace Economics, 16(6), 449-461. https://doi.org/10.1080/10242690500167791
  • Dunne, J. P., & Smith, R. P. (2020). Military expenditure, investment and growth. Defence and Peace Economics, 31(6), 601-614. https://doi.org/10.1080/10242694.2019.1636182
  • Durgun, Ö., & Timur, M. C. (2017). Savunma harcamaları ve ekonomik büyüme ilişkisi: Türkiye analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (54), 126-137.
  • Dursun, E., & Bursal, M. (2025). D-8 ülkelerinde savunma harcamalarının ekonomik büyümeye etkisi. MANAS Sosyal Araştırmalar Dergisi, 14(3), 1032-1046. https://doi.org/10.33206/mjss.1597653
  • Ebghaei, F. (2021). Investigating crowding-out effect of government expenditures: Evidence from Turkey. İzmir İktisat Dergisi, 36(4), 867-879. https://doi.org/10.24988/ije.792077
  • Efe, E., & Aydın, Ü. (2025a). The nexus between defense expenditures, geopolitical risk, political stability and macroeconomic indicators: Evidence from Türkiye. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (84), 283-301. https://doi.org/10.51290/dpusbe.1631179
  • Efe, E., & Aydın, Ü. (2025b). The effect of macroeconomic indicators, geopolitical risk and political stability index on military expenditures. Dicle Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (40), 178-196. https://doi.org/10.15182/diclesosbed.1655613
  • Enders, W. (2014). Applied econometric time series (4th edition). New Jersey: Wiley.
  • Ferraz, R. (2022). The portuguese military expenditure from a historical perspective. Defence and Peace Economics, 33(3), 347-365. https://doi.org/10.1080/10242694.2020.1818424
  • Gokmenoglu, K. K., Taspinar, N., & Sadeghieh, M. (2015). Military expenditure and economic growth: The case of Turkey. Procedia Economics and Finance, 25, 455-462. https://doi.org/10.1016/S2212-5671(15)00757-1
  • Gölpek, F., Köse, Z., & Doğan, F. C. (2019). Savunma harcamalarının ekonomik büyüme üzerindeki etkisinin incelenmesi: Türkiye örneği. Uluslararası Ticaret ve Ekonomi Araştırmaları Dergisi, 3(1), 30-40. https://doi.org/10.30711/utead.527830
  • Granger, C. W. J. (1969). Investigating causal relations by econometric models and cross spectral methods. Econometrica, 37(3), 424–438.
  • Grober, L. M., & Porter, R. C. (1989). Benoit revisited: Defense spending and economic growth in LDCs. Journal of Conflict Resolution, 33(2): 318-345. https://doi.org/10.1177/0022002789033002007
  • Hamilton, J. D. (1994). Time series analysis. New Jersey: Princeton University Press.
  • İşler, K., & Pekmezci, A. (2025). Savunma harcamaları, işsizlik ve enflasyonun ekonomik büyümeye etkisi: 1982-2023 dönemi Türkiye örneği. Toplum Ekonomi ve Yönetim Dergisi, 6(3), 571-597. https://doi.org/10.58702/teyd.1704300
  • Karadam, D. Y., Yıldırım, J., & Öcal, N. (2017). Military expenditure and economic growth in middle Eastern countries and Turkey: A non-linear panel data approach. Defence and Peace Economics, 28(6), 719-730. https://doi.org/10.1080/10242694.2016.1195573
  • Kelly, T., & Rishi, M. (2003). An empirical study of the spin-off effects of military spending. Defence and Peace Economics, 14(1), 1-17. https://doi.org/10.1080/10242690302938
  • Khalid, U., & Habimana, O. (2021). Military spending and economic growth in Turkey: A wavelet approach. Defence and Peace Economics, 32(3), 362-376. https://doi.org/10.1080/10242694.2019.1664865
  • Khalid, M. A., & Razaq, M. A. J. A. (2015). The impact of military spending on economic growth: Evidence from the US economy. Catalyst, 6(7), 183-190.
  • Knight, M., Loayza, N., & Villanueva, D. (1996). The peace dividend: military spending cuts and economic growth. Staff Papers, 43(1), 1-37. https://doi.org/10.2307/3867351
  • Kollias, C., Mylonidis, N., & Paleologou, S. M. (2007). A panel data analysis of the nexus between defence spending and growth in the European Union. Defence and Peace Economics, 18(1), 75-85. https://doi.org/10.1080/10242690600722636
  • Lim, D. (1983). Another look at growth and defense in less developed countries. Economic Development and Cultural Change, 31, 377–384. https://doi.org/10.1086/451326
  • Lobont, O. R., Glont, O. R., Badea, L., & Vatavu, S. (2019). Correlation of military expenditures and economic growth: Lessons for Romania. Quality&Quantity, 53, 2957-2968. https://doi.org/10.1007/s11135-019-00910-9
  • Lütkepohl, H. (2005). New introduction to multiple time series analysis. Springer- Verlag.
  • Kök, D. & Uyğur, M. E. (2014). Finansal piyasalarda fiyat etkileşimi: BİST 100 ve seçilmiş finansal göstergeler için VAR analizi. Pamukkale İşletme ve Yönetim Bilişimi Dergisi, 1(1), 1-23. https://doi: 10.5505/pibyd.2014.76486
  • MacKinnon, J. G. (1991). Critical values for cointegration tests. In R.F Engle and C.W.J Granger (Ed.), Long-run economic relationships (pp. 267-276). UK: Oxford University Press.
  • Mylonidis, N. (2008). Revisiting the nexus between military spending and growth in the Europe Union. Defence and Peace Economics, 19(4), 265-272. https://doi.org/10.1080/10242690802164801
  • Naimoğlu, M., & Özbek, S. (2022). Türkiye’de savunma harcamaları ve ekonomik büyüme ilişkisinin yeniden gözden geçirilmesi: Fourier yaklaşımı. İzmir İktisat Dergisi, 37(1), 174-188. https://doi.org/10.24988/ije.909072
  • Ozcicek, O., & McMillin, D. (1999). Lag length selection in vector auto regressive models: Symmetric and asymmetric lags. Applied Economics, 31, 517-524. https://doi.org/10.1080/000368499324237
  • Pradhan, R. P., Arvin, M. B., Norman, N.R., & Bhinder, H. K. (2013). Military expenditure and economic growth: Using causality, cointegration and missing variables. International Journal of Computational Economics and Econometrics, 3(3-4): 164–186. https://doi.org/10.1504/IJCEE.2013.058496
  • Rachev, S., Mittnik, S., Fabozzi, F., Focardi S., & Jasic T. (2007). Financial econometrics. Canada: Wiley.
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  • Wijeweera, A. & Webb, M. J. (2011). Military spending and economic growth in South Asia: A panel data analysis. Defence and Peace Economics, 22(5), 545-554. https://doi.org/10.1080/10242694.2010.533905
  • World Bank (2025). GDP per capita growth (annual %)- Turkiye. https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=TR , (Erişim tarihi: 01.09.2025).
  • World Bank (2025). Military expenditure (% of GDP)- Turkiye. https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS?locations=TR , (Erişim tarihi: 01.09.2025).

Türkiye’de Savunma Harcamaları ile Ekonomik Büyüme İlişkisi: Vektör Otoregresif (VAR) Analizi ve Granger Nedensellik Testi

Year 2026, Issue: 71, 301 - 320, 25.03.2026
https://doi.org/10.53568/yyusbed.1850834
https://izlik.org/JA73EE28FA

Abstract

Bu çalışma, 1960–2024 döneminde Türkiye’de savunma harcamaları ile kişi başına gayrisafi yurtiçi hasıla (GSYİH) arasındaki nedensellik ilişkisini ve dinamik etkileşimleri zaman serisi yöntemleri çerçevesinde incelemektedir. Söz konusu ilişki, Vektör Otoregresif (VAR) modeli ve Granger nedensellik testi kullanılarak analiz edilmiştir. Elde edilen bulgular, savunma harcamalarından ekonomik büyümeye doğru tek yönlü ve istatistiksel olarak anlamlı bir nedensellik ilişkisinin bulunduğunu göstermektedir. Etki-tepki analizleri, bu etkinin kısa vadede pozitif olduğunu ancak zamanla zayıfladığını ortaya koymaktadır. Bulgular, savunma harcamalarının Türkiye ekonomisinde ekonomik büyüme üzerinde gecikmeli ve anlamlı bir etki yaratabileceğine işaret etmektedir. Bununla birlikte, söz konusu etkinin yönü, süresi ve büyüklüğünün dikkatle izlenmesi ve ekonomi politikalarının tasarımında bu ilişkinin göz önünde bulundurulması gerekmektedir. Sonuç olarak, Türkiye gibi jeopolitik açıdan stratejik bir bölgede konumlanan ülkelerde savunma harcamalarının yalnızca güvenlik boyutuyla değil, ekonomik etkileriyle birlikte ele alınması önem arz etmektedir.

References

  • Akaike, H. (1974). A new look at the statistical model identification. IEEE Transactionson Automatic Control, 19(6), 716–723. https://doi.org/10.1109/TAC.1974.1100705
  • Asteriou, D. & Hall, S. (2007). Applied econometrics a modern approach. China: Palgrave Macmillan.
  • Aydın, R. (2025). The effects of defence expenditures on economic growth: A case study on Turkey. Fiscaoeconomia, 9(4), 2097-2111. https://doi.org/10.25295/fsecon.1612426
  • Becker, J., & Dunne, J. P. (2023). Military spending composition and economic growth. Defence and Peace Economics, 34(3), 259-271. https://doi.org/10.1080/10242694.2021.2003530
  • Brooks, C. (2008). Introductory econometrics for finance. New York: Cambridge University Press.
  • Cappelen, A., Gleditsch, N. P., & Bjerkholt, O. (1984). Military spending and economic growth in the OECD countries. Journal of Peace Research, 21(4), 361-373. https://doi.org/10.1177/002234338402100404
  • Ceyhan, T. & Köstekçi, A. (2021). The effect of military expenditures on economic growth and unemployment: Evidence from Turkey. Fırat Üniversitesi Sosyal Bilimler Dergisi, 31, 2(913-928). https://doi.org/10.18069/firatsbed.898944
  • Chang, H.-C., Huang, B.-N., & Yang, C. W. (2011). Military expenditure and economic growth across different groups: A dynamic panel granger-causality approach. Economic Modelling, 28(6), 2416-2423. https://doi.org/10.1016/j.econmod.2011.06.001
  • Chowdhury, A. R. (1991). A causal analysis of defense spending and economic growth. Journal of Conflict Resolution, 35(1), 80-97. https://doi.org/10.1177/0022002791035001005
  • Çevik, E. İ., & Bektaş, G. (2019). Savunma harcamaları ve ekonomik büyüme ilişkisi: Türkiye örneği. Balkan Sosyal Bilimler Dergisi, 8(16), 229-236.
  • d’Agostino, G., Dunne, J. P., & Pieroni, L. (2019). Military expenditure, endogeneity and economic growth. Defence and Peace Economics, 30(5), 509-524. https://doi.org/10.1080/10242694.2017.1422314
  • Deger, S. (1986). Economic development and defense expenditure. Economic Development and Cultural Change, 35(1), 179–196. https://doi.org/10.1086/451577
  • Desli, E., Gkoulgkoutsika, A., & Katrakilidis, C. (2017). Investigating the dynamic interaction between military spending and economic growth. Review of Development Economics, 21(3), 511-526. https://doi.org/10.1111/rode.12268
  • Desli, E., & Gkoulgkoutsika, A. (2021). Military spending and economic growth: A panel data investigation. Economic Change and Restructuring, 54(3), 781-806. https://doi.org/10.1007/s10644-020-09267-8
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  • Dimitriou, D., Goulas, E., Kallandranis, C., & Drakos, K. (2025). Military expenditures and economic growth: Evidence from NATO and non-NATO alliances. Defence and Peace Economics, 36(3), 324-348. https://doi.org/10.1080/10242694.2024.2346860
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  • Dunne, J. P., & Smith, R. P. (2020). Military expenditure, investment and growth. Defence and Peace Economics, 31(6), 601-614. https://doi.org/10.1080/10242694.2019.1636182
  • Durgun, Ö., & Timur, M. C. (2017). Savunma harcamaları ve ekonomik büyüme ilişkisi: Türkiye analizi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (54), 126-137.
  • Dursun, E., & Bursal, M. (2025). D-8 ülkelerinde savunma harcamalarının ekonomik büyümeye etkisi. MANAS Sosyal Araştırmalar Dergisi, 14(3), 1032-1046. https://doi.org/10.33206/mjss.1597653
  • Ebghaei, F. (2021). Investigating crowding-out effect of government expenditures: Evidence from Turkey. İzmir İktisat Dergisi, 36(4), 867-879. https://doi.org/10.24988/ije.792077
  • Efe, E., & Aydın, Ü. (2025a). The nexus between defense expenditures, geopolitical risk, political stability and macroeconomic indicators: Evidence from Türkiye. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (84), 283-301. https://doi.org/10.51290/dpusbe.1631179
  • Efe, E., & Aydın, Ü. (2025b). The effect of macroeconomic indicators, geopolitical risk and political stability index on military expenditures. Dicle Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (40), 178-196. https://doi.org/10.15182/diclesosbed.1655613
  • Enders, W. (2014). Applied econometric time series (4th edition). New Jersey: Wiley.
  • Ferraz, R. (2022). The portuguese military expenditure from a historical perspective. Defence and Peace Economics, 33(3), 347-365. https://doi.org/10.1080/10242694.2020.1818424
  • Gokmenoglu, K. K., Taspinar, N., & Sadeghieh, M. (2015). Military expenditure and economic growth: The case of Turkey. Procedia Economics and Finance, 25, 455-462. https://doi.org/10.1016/S2212-5671(15)00757-1
  • Gölpek, F., Köse, Z., & Doğan, F. C. (2019). Savunma harcamalarının ekonomik büyüme üzerindeki etkisinin incelenmesi: Türkiye örneği. Uluslararası Ticaret ve Ekonomi Araştırmaları Dergisi, 3(1), 30-40. https://doi.org/10.30711/utead.527830
  • Granger, C. W. J. (1969). Investigating causal relations by econometric models and cross spectral methods. Econometrica, 37(3), 424–438.
  • Grober, L. M., & Porter, R. C. (1989). Benoit revisited: Defense spending and economic growth in LDCs. Journal of Conflict Resolution, 33(2): 318-345. https://doi.org/10.1177/0022002789033002007
  • Hamilton, J. D. (1994). Time series analysis. New Jersey: Princeton University Press.
  • İşler, K., & Pekmezci, A. (2025). Savunma harcamaları, işsizlik ve enflasyonun ekonomik büyümeye etkisi: 1982-2023 dönemi Türkiye örneği. Toplum Ekonomi ve Yönetim Dergisi, 6(3), 571-597. https://doi.org/10.58702/teyd.1704300
  • Karadam, D. Y., Yıldırım, J., & Öcal, N. (2017). Military expenditure and economic growth in middle Eastern countries and Turkey: A non-linear panel data approach. Defence and Peace Economics, 28(6), 719-730. https://doi.org/10.1080/10242694.2016.1195573
  • Kelly, T., & Rishi, M. (2003). An empirical study of the spin-off effects of military spending. Defence and Peace Economics, 14(1), 1-17. https://doi.org/10.1080/10242690302938
  • Khalid, U., & Habimana, O. (2021). Military spending and economic growth in Turkey: A wavelet approach. Defence and Peace Economics, 32(3), 362-376. https://doi.org/10.1080/10242694.2019.1664865
  • Khalid, M. A., & Razaq, M. A. J. A. (2015). The impact of military spending on economic growth: Evidence from the US economy. Catalyst, 6(7), 183-190.
  • Knight, M., Loayza, N., & Villanueva, D. (1996). The peace dividend: military spending cuts and economic growth. Staff Papers, 43(1), 1-37. https://doi.org/10.2307/3867351
  • Kollias, C., Mylonidis, N., & Paleologou, S. M. (2007). A panel data analysis of the nexus between defence spending and growth in the European Union. Defence and Peace Economics, 18(1), 75-85. https://doi.org/10.1080/10242690600722636
  • Lim, D. (1983). Another look at growth and defense in less developed countries. Economic Development and Cultural Change, 31, 377–384. https://doi.org/10.1086/451326
  • Lobont, O. R., Glont, O. R., Badea, L., & Vatavu, S. (2019). Correlation of military expenditures and economic growth: Lessons for Romania. Quality&Quantity, 53, 2957-2968. https://doi.org/10.1007/s11135-019-00910-9
  • Lütkepohl, H. (2005). New introduction to multiple time series analysis. Springer- Verlag.
  • Kök, D. & Uyğur, M. E. (2014). Finansal piyasalarda fiyat etkileşimi: BİST 100 ve seçilmiş finansal göstergeler için VAR analizi. Pamukkale İşletme ve Yönetim Bilişimi Dergisi, 1(1), 1-23. https://doi: 10.5505/pibyd.2014.76486
  • MacKinnon, J. G. (1991). Critical values for cointegration tests. In R.F Engle and C.W.J Granger (Ed.), Long-run economic relationships (pp. 267-276). UK: Oxford University Press.
  • Mylonidis, N. (2008). Revisiting the nexus between military spending and growth in the Europe Union. Defence and Peace Economics, 19(4), 265-272. https://doi.org/10.1080/10242690802164801
  • Naimoğlu, M., & Özbek, S. (2022). Türkiye’de savunma harcamaları ve ekonomik büyüme ilişkisinin yeniden gözden geçirilmesi: Fourier yaklaşımı. İzmir İktisat Dergisi, 37(1), 174-188. https://doi.org/10.24988/ije.909072
  • Ozcicek, O., & McMillin, D. (1999). Lag length selection in vector auto regressive models: Symmetric and asymmetric lags. Applied Economics, 31, 517-524. https://doi.org/10.1080/000368499324237
  • Pradhan, R. P., Arvin, M. B., Norman, N.R., & Bhinder, H. K. (2013). Military expenditure and economic growth: Using causality, cointegration and missing variables. International Journal of Computational Economics and Econometrics, 3(3-4): 164–186. https://doi.org/10.1504/IJCEE.2013.058496
  • Rachev, S., Mittnik, S., Fabozzi, F., Focardi S., & Jasic T. (2007). Financial econometrics. Canada: Wiley.
  • Saeed, L. (2025). The impact of military expenditures on economic growth: A new instrumental variables approach. Defence and Peace Economics, 36(1), 86-101. https://doi.org/10.1080/10242694.2023.2259651
  • Shaaba Saba, C., & Ngepah, N. (2019). Military expenditure and economic growth: Evidence from a heterogeneous panel of African countries. Economic Research-Ekonomska Istraživanja, 32(1), 3586-3606. https://doi.org/10.1080/1331677X.2019.1674179
  • Shahid, A. & Saba, I. (2015). Economic growth and military expenditure linkages: A panel data analysis. International Economic Policy, 2(23), 48-72.
  • Schwarz, G. (1978). Estimating the dimensión of a model. The Annals of Statistics, 6(2), 461–464. https://doi.org/10.1214/aos/1176344136
  • Sezgin, Ş., & Yağtu, G. (2019). Türkiye’de savunma harcamaları ve ekonomik büyüme ilişkisi. Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi, 6(8), 1-13.
  • Sims, C. A. (1980). Macroeconomics and reality. Econometrica, 48(1), 1–48. https://doi.org/10.2307/1912017
  • Tarı, R. (2005). Ekonometri. Kocaeli Üniversitesi, Yayın No: 172. İstanbul: Avcı Ofset.
  • Topal, M. H. (2018). Türkiye’de askeri harcamalar ile ekonomik büyüme arasındaki ilişkinin bir analizi (1960-2016). Maliye Dergisi, 174, 175-202.
  • Turan, T., Karakaş, M., & Özer, H. A. (2018). Askeri harcamalar ve ekonomik büyüme ilişkisi: Panel eşbütünleşme ve nedensellik analizi. Maliye Dergisi, 175, 140-153.
  • Zhao, L., Zhao, L., & Chen, B. F. (2017). The interrelationship between defence spending, public expenditures and economic growth: Evidence from China. Defence and Peace Economics, 28(6), 703-718. https://doi.org/10.1080/10242694.2015.1111603
  • Wijeweera, A. & Webb, M. J. (2011). Military spending and economic growth in South Asia: A panel data analysis. Defence and Peace Economics, 22(5), 545-554. https://doi.org/10.1080/10242694.2010.533905
  • World Bank (2025). GDP per capita growth (annual %)- Turkiye. https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=TR , (Erişim tarihi: 01.09.2025).
  • World Bank (2025). Military expenditure (% of GDP)- Turkiye. https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS?locations=TR , (Erişim tarihi: 01.09.2025).

The Relationship Between Defense Expenditures and Economic Growth in Turkey: A Vector Autoregressive (VAR) Analysis and Granger Causality Test

Year 2026, Issue: 71, 301 - 320, 25.03.2026
https://doi.org/10.53568/yyusbed.1850834
https://izlik.org/JA73EE28FA

Abstract

This study examines the causal relationship and dynamic interactions between defense expenditures and gross domestic product (GDP) per capita in Türkiye over the period 1960–2024 within the framework of time series methods. The relationship is analyzed using a Vector Autoregressive (VAR) model and the Granger causality test. The findings indicate the presence of a unidirectional and statistically significant causal relationship running from defense expenditures to economic growth. Impulse response analyses reveal that this effect is positive in the short run but gradually weakens over time. The results suggest that defense expenditures may have a delayed and statistically significant impact on economic growth in the Turkish economy. Nevertheless, the direction, duration, and magnitude of this effect should be carefully monitored, and this relationship should be taken into consideration in the design of economic policies. Overall, the findings highlight that in countries located in geopolitically strategic regions such as Türkiye, defense expenditures should be evaluated not only from a security perspective but also in terms of their economic implications.

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  • Schwarz, G. (1978). Estimating the dimensión of a model. The Annals of Statistics, 6(2), 461–464. https://doi.org/10.1214/aos/1176344136
  • Sezgin, Ş., & Yağtu, G. (2019). Türkiye’de savunma harcamaları ve ekonomik büyüme ilişkisi. Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi, 6(8), 1-13.
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  • Turan, T., Karakaş, M., & Özer, H. A. (2018). Askeri harcamalar ve ekonomik büyüme ilişkisi: Panel eşbütünleşme ve nedensellik analizi. Maliye Dergisi, 175, 140-153.
  • Zhao, L., Zhao, L., & Chen, B. F. (2017). The interrelationship between defence spending, public expenditures and economic growth: Evidence from China. Defence and Peace Economics, 28(6), 703-718. https://doi.org/10.1080/10242694.2015.1111603
  • Wijeweera, A. & Webb, M. J. (2011). Military spending and economic growth in South Asia: A panel data analysis. Defence and Peace Economics, 22(5), 545-554. https://doi.org/10.1080/10242694.2010.533905
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There are 61 citations in total.

Details

Primary Language Turkish
Subjects Applied Sociology, Program Evaluation and Social Impact Assessment
Journal Section Research Article
Authors

Merve Yolal 0000-0001-5980-5610

Burcu Kocarık Gacar 0000-0001-5944-4456

Submission Date December 28, 2025
Acceptance Date March 3, 2026
Publication Date March 25, 2026
DOI https://doi.org/10.53568/yyusbed.1850834
IZ https://izlik.org/JA73EE28FA
Published in Issue Year 2026 Issue: 71

Cite

APA Yolal, M., & Kocarık Gacar, B. (2026). Türkiye’de Savunma Harcamaları ile Ekonomik Büyüme İlişkisi: Vektör Otoregresif (VAR) Analizi ve Granger Nedensellik Testi. Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 71, 301-320. https://doi.org/10.53568/yyusbed.1850834

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