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Journals / Uluslararası Yönetim İktisat ve İşletme Dergisi / 2016 / Cilt: 12 - Sayı: 28

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

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

Mehmet Akif DESTEK
Pages
209–223
Publication Date
2016-04-01
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

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

📌 3 Key Takeaways

🎯
Objective & Hypothesis: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.
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Key Findings & Data: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.
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Conclusion & Impact: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
🔬Design:Research Article
📍Scope:2012 Verileri
⚙️Variables:Askeri Harcamalar · Ekonomik Büyüme · NATO

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

Özet

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.

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Cite This Article

DESTEK, M. A. (2016). THE RELATIONSHIP BETWEEN MILITARY EXPENDITURES AND ECONOMIC GROWTH IN NATO COUNTRIES: PANEL DATA ANALYSIS UNDER CROSS-SECTION DEPENDENCY. Uluslararası Yönetim İktisat ve İşletme Dergisi, Cilt: 12 - Sayı: 28, 209–223. https://ajindex.com/articles/169803

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