Political decisions, defense and growth

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Erdogdu O. S.

DEFENCE AND PEACE ECONOMICS, sa.1, ss.27-35, 2008 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Basım Tarihi: 2008
  • Doi Numarası: 10.1080/10242690701453701
  • Dergi Adı: DEFENCE AND PEACE ECONOMICS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.27-35
  • Anahtar Kelimeler: defense, political stability, growth, VAR, ECONOMIC-GROWTH, EXTERNAL DEBT, EXPENDITURES, INSTABILITY
  • Ankara Üniversitesi Adresli: Evet

Özet

Considering the importance of military expenditures on political and economical success of a government, this empirical study analyzes the relations between political stability, economic growth and military expenditures. Based on the theoretical model developed by Blomberg (1996), the vector autoregression analyzes results for a democratic country and indicates the significance of military expenditures on political stability and private sector investment decisions.