The Military Expenditures and Economic Growth Nexus: Panel Bootstrap Granger Causality Evidence from NATO Countries

Basit Öğe Kaydı
dc.contributor.authorTopal, Mehmet Hanefi
dc.contributor.authorUnver, Mustafa
dc.contributor.authorTuredi, Salih
dc.date.accessioned2025-01-21T16:55:10Z
dc.date.available2025-01-21T16:55:10Z
dc.date.issued2022
dc.departmentKırıkkale Üniversitesi
dc.description.abstractThe purpose of this study is to examine the causal linkage between military expenditures and economic growth in 27 North Atlantic Treaty Organization (NATO) member countries. Different periods are studied due to the unavailability of data for the common period for all countries. Both the symmetric and the asymmetric causality between military expenditures and economic growth are investigated under cross-sectional dependence and panel heterogeneity by using the bootstrap panel Granger causality testing approach. The results indicate that there is both symmetric and asymmetric Granger-causality between military expenditures and economic growth, which vary from one country to another. The robust empirical findings support the military expenditures and economic growth nexus in 12 of the 27 NATO member countries. Moreover, the findings show that more empirical evidence between military expenditures and economic growth can be obtained when the asymmetric causality is considered, in addition to the symmetric causality.
dc.identifier.doi10.2298/PAN170914002T
dc.identifier.endpage578
dc.identifier.issn1452-595X
dc.identifier.issn2217-2386
dc.identifier.issue4
dc.identifier.startpage555
dc.identifier.urihttps://doi.org/10.2298/PAN170914002T
dc.identifier.urihttps://hdl.handle.net/20.500.12587/25704
dc.identifier.volume69
dc.identifier.wosWOS:000829150700003
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherSavez Ekonomista Vojvodine
dc.relation.ispartofPanoeconomicus
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241229
dc.subjectDefense economics; Military expenditures; Economic growth; Asymmetric bootstrap Granger causality
dc.titleThe Military Expenditures and Economic Growth Nexus: Panel Bootstrap Granger Causality Evidence from NATO Countries
dc.typeArticle

Dosyalar

Koleksiyon

WOS İndeksli Yayınlar Koleksiyonu