THE RELATIONSHIP BETWEEN MILITARY EXPENDITURES AND ECONOMIC GROWTH IN THE MIDDLE EASTERN COUNTRIES: PANEL GRANGER CAUSALITY ANALYSIS

Yıl 2019, Sayı: 112, 53 - 74, 01.03.2019

Barış Yıldız Gizem Akbulut Yıldız

Öz

The present article aims to examine the causal relationship between military expenditures and economic growth in five Middle Eastern countries Iran, Saudi Arabia, Israel, Oman and Turkey in the period from 1990 to 2015. For this purpose, Panel Bootstrap Causality Analysis was conducted to test whether there is a relationship between military expenditures and economic growth. The relationship between the variables was examined by panel causality analysis developed by Konya 2006 . In the analysis, a two-way causality relation was determined only for Iran on a country basis. The finding throughout the panel is that there is a one-way causality relationship from economic growth to military expenditures.

Anahtar Kelimeler

Military Expenditures, Economic Growth, Panel Bootstrap Causality, Middle Eastern Countries

Ortadoğu Ülkelerinde Askeri Harcamalar ile Ekonomik Büyüme Arasındaki İlişki: Bootstrap Panel Granger Nedensellik Analizi

Öz

Çalışmanın amacı, 1990-2015 döneminde beş Orta Doğu ülkesine İran, İsrail, Suudi Arabistan, Umman ve Türkiye ilişkin askeri harcamalar ile ekonomik büyüme arasındaki ilişkiyi araştırmaya yöneliktir. Bu amaçla çalışmada, Panel Bootstrap Nedensellik Analizi yapılarak askeri harcamalar ile ekonomik büyüme arasında bir ilişkinin olup olmadığı test edilmiştir. Değişkenler arasındaki ilişki Konya 2006 tarafından geliştirilen panel nedensellik analizi ile incelenmiştir. Analiz sonucuna göre ülke bazında sadece İran için çift yönlü nedensellik ilişkisi bulunmuştur. Panel genelinde ise ekonomik büyümeden askeri harcamalara tek yönlü nedensellik ilişkisi olduğu bulgusu elde edilmiştir.

Anahtar Kelimeler

Askeri Harcamalar, Ekonomik Büyüme, Panel Bootstrap Nedensellik, Orta Doğu Ülkeleri.

Kaynakça

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