International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1634
Status : Paper published
Language : Turkish
Topic : Macroeconomics
Presenter: Asst. Prof. Dr. Ahmet Fatih Aydemir
Session : 3C Kalkınma III
The Relationships between Military Expenditures and Unemployment in G-20 States
G-20 Ülkelerinde İşsizlik ve Askeri Harcamalar Arasındaki İlişkiler
- Asst. Prof. Dr. Ahmet Fatih Aydemir (Atatürk University, Türkiye)
- Asst. Prof. Dr. Dilek Özdemir (Atatürk University, Türkiye)
- Prof. Dr. Ömer Selçuk Emsen (Atatürk University, Türkiye)
Abstract
The effects of the military expenditure on the economic growth and consequently on the employment has been the primary topic of the discussing in the literature of economics. Considering that the military expenditures generally emerge as a sub-item of the public spending, it has been asserted by the liberal approach that the principle of the non-productiveness of the public sector would be even more applicable in the military expenditures. None the less, using the military spending as a tool to lead an economy that feature underemployment constitutes the positive aspect of the views to the military expenditure and this is also the case of the prediction of the Keynesian economy. In this study, the effects of the military expenditure on the unemployment, which is a reflection of the effects of the economic growth, are analyzed as the subject matter. The findings revealed that the military spending has positive effects on the unemployment in some G20 states while it also has negative effects in some and has neutral effects in others. In addition, it is further indicated that the positive effects are experienced in relatively advanced economies, the negative effects emerge in relatively less developed economies, and the countries with abundant natural resources experience neutral effects.
JEL codes: C23, H56, J64
Aydemir, Ahmet Fatih, Özdemir, Dilek, Emsen, Ömer Selçuk (2016). "The Relationships between Military Expenditures and Unemployment in G-20 States" in Proceedings of International Conference of Eurasian Economies 2016, pp.437-444, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01634
