International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1677
Status : Paper published
Language : English
Topic : Growth and Development
Presenter: Prof. Dr. Kutluk Kağan Sümer
Session : 2A Growth
The Relationship between Military Expenditures and Economic Growth: Panel Data Analysis for G-20 Countries
The Relationship between Military Expenditures and Economic Growth: Panel Data Analysis for G-20 Countries
- Prof. Dr. Kutluk Kağan Sümer (İstanbul University, Türkiye)
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 for 19 G-20countries. In this study two groups of Panel data models are applied. First panel group is military exporter. Second is military importer. The results of study support that feedback hypothesis exists for the U.S., growth hypothesis is valid for G-20 Countries and Turkey.
JEL codes: N40, O10
Sümer, Kutluk Kağan (2016). "The Relationship between Military Expenditures and Economic Growth: Panel Data Analysis for G-20 Countries" in Proceedings of International Conference of Eurasian Economies 2016, pp.56-63, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01677
