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Journals / Maliye Dergisi / 2018 / Sayı: 174

An Analysis of Relationship between Military Expenditure and Economic Growth in Turkey (1960-2016)

Türkiye’de Askeri Harcamalar ile Ekonomik Büyüme Arasındaki İlişkinin Bir Analizi (1960-2016)

MEHMET HANEFİ TOPAL
Pages
175–202
DOI
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AI Summary & Key Takeaways

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

However, Maki’s (2012) cointegration test with multiple breaks results show that there is no relationship between military expenditıres and GDP per capita.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:A growth number of empirical studies have investigated the relationship between military expenditures and economic growth in Turkey.
📊
Key Findings & Data:The aim of this study is re-examining the relationship between military expenditures and economic growth covering the period of 1960 and 2016 within the context of cointegration and causality analysis.
💡
Conclusion & Impact:However, Maki’s (2012) cointegration test with multiple breaks results show that there is no relationship between military expenditıres and GDP per capita.
🔬Design:Research Article
📍Scope:2016 Verileri
⚙️Variables:Domain Parameters

Abstract

A growth number of empirical studies have investigated the relationship between military expenditures and economic growth in Turkey. However, there is no consensus on the relationship between military expenditures and economic growth in literature. The aim of this study is re-examining the relationship between military expenditures and economic growth covering the period of 1960 and 2016 within the context of cointegration and causality analysis. In addition to traditional analysis, we employed cointegration test with multi structural breaks and time-varying causality analysis. According toBayer and Hanck’s (2013) standart cointegration test results the military expenditures negatively affect long-run GDP per capita. However, Maki’s (2012) cointegration test with multiple breaks results show that there is no relationship between military expenditıres and GDP per capita. On the other hand, time-varying causality results also indicate that the causal linkage between military expenditures and economic growth has disappeared due to economic and politic shifts in Turkey after the middle of 1970s.

Özet

Türkiye’de askeri harcama-ekonomik büyüme ilişkisi üzerine çok sayıda çalışma yapılmıştır. Bununla beraber daha önceki çalışmaların sonuçları fikir birliği sağlamaktan uzaktır. Bu çalışmanın amacı 1960-2016 dönemi için askeri harcamalar ile ekonomik büyüme arasındaki ilişkiyi eşbütünleşme ve nedensellik bağlamında yeniden araştırmaktır. Araştırmada, geleneksel analizlere ilave olarak çoklu yapısal kırılmalı eşbütünleşme ve zamanla değişen nedensellik analizleri de uygulanmıştır. Bayer ve Hanck (2013) standart güçlü eşbütünleşme testi sonuçlarına göre askeri harcamalar uzun dönem kişi başı milli geliri negatif yönde etkilemektedir. Bununla beraber Maki (2012) çoklu yapısal kırılmalı eşbütünleşme testi sonuçları askeri harcamalar ile kişi başı milli gelir arasında anlamlı bir ilişki olmadığını göstermektedir. Öte yandan zamanla değişen nedensellik analizi sonuçları ekonomik ve politik gelişmeler nedeniyle 1970’li yılların ortalarından itibaren Türkiye’de askeri harcamaekonomik büyüme bağının ortadan kalktığını ortaya koymaktadır.

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Cite This Article

TOPAL, M. H. (2018). An Analysis of Relationship between Military Expenditure and Economic Growth in Turkey (1960-2016). Maliye Dergisi, Sayı: 174, 175–202. https://ajindex.com/articles/78859

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