THE ASYMMETRIC EFFECT OF DEFENSE EXPENDITURES ON ECONOMIC GROWTH
Küçük Resim Yok
Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Symmetrion
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Defense expenditures play a critical role in protecting countries' borders and providing security and stability within the country. However, the effect of these expenditures on economic growth is unclear in the literature. In the study, the effect of defense expenditures on economic growth was analyzed with the ARDL Bound Test and the Hatemi-J Asymmetric Causality Test over the 1987-2020 period in Turkey. The findings revealed that defense expenditures have a negative impact on economic growth. Besides, there is an asymmetric causality relationship between defense expenditures and economic growth. Turkey's geographical location and strategic importance cause it to increase the amount and composition of defense expenditures Therefore, it will be necessary for policymakers to consider efficiency in resource allocation when making decisions regarding defense expenditures. © 2022, Symmetrion. All rights reserved.
Açıklama
Anahtar Kelimeler
ARDL Bound Test, asymmetric causality, defense expenditures, economic growth
Kaynak
Symmetry: Culture and Science
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
33
Sayı
4
