Guns, Growth, and Stability: Macroeconomic Impacts of Defense Spending in the Western Balkans and Their Relevance for Türkiye
Öz
The effects of defense spending on macroeconomic indicators in Balkan countries are significant at both academic and political levels. This study uses econometric methods to evaluate how the issue affects Turkiye's regional security and economic interests, highlighting its strategic and economic implications. The relationship between defense spending and economic growth in five Western Balkan countries—Albania, Bosnia and Herzegovina, Croatia, North Macedonia, and Serbia—was examined using data from 2007 to 2024. Estimates made using Swamy's Random Coefficients Model and Seemingly Unrelated Regression (SUR) models concluded that defense spending has a negative effect on economic gro
Anahtar Kelimeler
Kaynakça
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Ayrıntılar
Birincil Dil
İngilizce
Konular
Makroekonomik Teori
Bölüm
Araştırma Makalesi
Yazarlar
Betül İsmiç
*
0009-0009-9945-6393
Türkiye
Erken Görünüm Tarihi
18 Mart 2026
Yayımlanma Tarihi
23 Mart 2026
Gönderilme Tarihi
1 Ekim 2025
Kabul Tarihi
29 Aralık 2025
Yayımlandığı Sayı
Yıl 2026 Cilt: 81 Sayı: 2