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The impact of military spending on economic growth: the case of North Cyprus

The impact of military spending on economic growth: the case of North Cyprus

Feridun, Mete, Sawhney, Bansi and Shahbaz, Muhammad (2011) The impact of military spending on economic growth: the case of North Cyprus. Defence and Peace Economics, 22 (5). pp. 555-562. ISSN 1024-2694 (Print), 1476-8267 (Online) (doi:https://doi.org/10.1080/10242694.2011.562370)

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Abstract

The present study aims at investigating the causal relationship between defence expenditures and economic growth in the case of North Cyprus using the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration and Granger causality tests for the period from 1977 to 2007. The results suggest that the variables in question are in a long-run equilibrium relationship and that there exists a strong, positive unidirectional causality running from defence expenditures to economic growth.

Item Type: Article
Uncontrolled Keywords: defence expenditures, military spending, economic growth, Cyprus
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Faculty of Business > Department of International Business & Economics
Faculty of Business
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Last Modified: 02 Nov 2016 13:52
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/7927

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