Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis
The relationship between defense spending and economic growth is an active topic of debate for a long time. Defense spending may have negative consequences on the growth performance of developing countries in such conflict-ridden areas as the Middle East. This study is conducted to investigate the e...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2016-03-01
|
| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32008/353644?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797923322335330304 |
|---|---|
| author | Serkan KÜNÜ Sertaç HOPOĞLU Gürkan BOZMA |
| author_facet | Serkan KÜNÜ Sertaç HOPOĞLU Gürkan BOZMA |
| author_sort | Serkan KÜNÜ |
| collection | DOAJ |
| description | The relationship between defense spending and economic growth is an active topic of debate for a long time. Defense spending may have negative consequences on the growth performance of developing countries in such conflict-ridden areas as the Middle East. This study is conducted to investigate the effects of defense spending on economic growth in a panel of twelve Middle Eastern countries over the period 1998-2012. The approach suggested by Swamy and Arora (1972) was employed for the empirical study. Findings of the empirical study suggest that defense spending has a negative effect on economic growth, which aggravates during times of internal and external conflicts. |
| first_indexed | 2024-04-10T14:44:41Z |
| format | Article |
| id | doaj.art-6f75596fbca04aaab20833097e47fc38 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:44:41Z |
| publishDate | 2016-03-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-6f75596fbca04aaab20833097e47fc382023-02-15T16:07:56ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-03-016180861032Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data AnalysisSerkan KÜNÜSertaç HOPOĞLUGürkan BOZMAThe relationship between defense spending and economic growth is an active topic of debate for a long time. Defense spending may have negative consequences on the growth performance of developing countries in such conflict-ridden areas as the Middle East. This study is conducted to investigate the effects of defense spending on economic growth in a panel of twelve Middle Eastern countries over the period 1998-2012. The approach suggested by Swamy and Arora (1972) was employed for the empirical study. Findings of the empirical study suggest that defense spending has a negative effect on economic growth, which aggravates during times of internal and external conflicts.https://dergipark.org.tr/tr/pub/ijefi/issue/32008/353644?publisher=http-www-cag-edu-tr-ilhan-ozturkdefense spending economic growth conflict middle east. |
| spellingShingle | Serkan KÜNÜ Sertaç HOPOĞLU Gürkan BOZMA Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis International Journal of Economics and Financial Issues defense spending economic growth conflict middle east. |
| title | Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis |
| title_full | Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis |
| title_fullStr | Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis |
| title_full_unstemmed | Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis |
| title_short | Conflict, Defense Spending and Economic Growth in the Middle East: A Panel Data Analysis |
| title_sort | conflict defense spending and economic growth in the middle east a panel data analysis |
| topic | defense spending economic growth conflict middle east. |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/32008/353644?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| work_keys_str_mv | AT serkankunu conflictdefensespendingandeconomicgrowthinthemiddleeastapaneldataanalysis AT sertachopoglu conflictdefensespendingandeconomicgrowthinthemiddleeastapaneldataanalysis AT gurkanbozma conflictdefensespendingandeconomicgrowthinthemiddleeastapaneldataanalysis |