Military Expenditures and Economic Growth in Central and Eastern EU Countries
Evidence from the Post-Cold War Era
Bibliographic Data
| ID | 12416994 |
|---|---|
| Authors | Mert Topçu (0000-0001-8236-9810, Nevşehir Hacı Bektaş Veli University, corresponding author), İlhan Aras (0000-0001-5120-8117, Nevşehir Hacı Bektaş Veli University) |
| Year | 2017 |
| Volume | 25 |
| Issue | 3 |
| Pages | 453-462 |
| Publication date | 2017-05-17 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Review (JOURNAL) |
| Journal identifiers | ISSN: 1062-7987 • E-ISSN: 1474-0575 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s1062798717000114 |
| OpenAlex | W2615621260 |
| Language | EN |
| Citations received | 4 |
| References cited | 26 |
Although the relationship between military expenditures and economic growth is well documented for the old members of the European Union, empirically little is known for the new members. Thus, the goal of this paper is to investigate the economic impact of military expenditures in Central and Eastern European countries employing panel cointegration and causality methods for the period 1993–2013. Findings indicate that the variables in question do not move together in the long run and the direction of causality in the short run is from economic growth to military expenditures. The implications of the results for international relations are discussed
Causality (physics · Cointegration · Cold war · Development economics · Econometrics · Economics · European union · International trade · Panel data · Political science · Politics · Post–Cold War era · Defense, Military, and Policy Studies · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Law
| Citations per year | 0.5 |
|---|---|
| Citation span | 2018 - 2025 (8) |
| Highly cited | No |