Defense expenditures and economic growth relationship: A panel data approach for NATO
Küçük Resim Yok
Tarih
2018
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Physica-Verlag
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
One of the rules of being successful in the international competition is having technology-intensive manufacturing areas. The investments made in the defense industry, and the recognition of the products that are being produced in this area as technology-intensive products, are increasing the importance of the defense expenditures and the economic growth relationship. Increases in defense spending cause greater investments in industrial sectors. Secondly, economic growth affects the competitiveness of the countries prominently. Thirdly, public expenditures can lead to an increase in investments and growth. This study brings to light the relationship between military expenditures and economic growth for NATO member countries. In the period from 2000 to 2015 for 27 NATO member countries, the two-way direction of the relationship is found by using panel data techniques. © Springer International Publishing AG, part of Springer Nature 2018.
Açıklama
Anahtar Kelimeler
Defense expenditures, Economic growth, Military expenditures, NATO, Panel data, Panel VEC
Kaynak
Contributions to Economics
WoS Q Değeri
N/A
Scopus Q Değeri
Q4
