Relationships Between Defence Expenditures and Economic Growth in G7 Countries: Panel Bootstrap Causality Analysis

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dc.contributor.authorOflaz, Erkan
dc.contributor.authorKırca, Mustafa
dc.contributor.authorCanbay, Şerif
dc.date.accessioned2023-07-26T11:55:06Z
dc.date.available2023-07-26T11:55:06Z
dc.date.issued2021
dc.departmentDÜ, Akçakoca Bey Siyasal Bilgiler Fakültesi, İktisat Bölümüen_US
dc.description.abstractIt is important to reveal the relationship between defence expenditures and economic growth for both developed countries and developing countries. Dynamic political and economic developments affect defence expenditures. Many macroeconomic variables of countries are affected by the change in defence expenditures. Economic growth comes first among these macroeconomic variables. This study aims to determine the relationships between the economic growth and defense expenditures of the G7 countries for the period 1988-2018. For this purpose, the relationships between variables were examined using bootstrap panel causality analysis developed by Kónya (2006). According to the analysis results, it was found that there is a unidirectional causality relationship from defense expenditures to economic growth in the USA, Germany, Japan, England, and Canada. The sign of causality relationships is negative in the USA, UK, and Canada, and positive in Germany and Japan. On the other hand, in the findings of the study, an insignificant causality relationship was found between variables in France and Italy. Besides, for the G7 countries, an insignificant causality relationship has been determined from economic growth to defense expenditures. Economic and political inferences were made based on the findings obtained at the end of the study.en_US
dc.identifier.doi10.33399/biibfad.826216
dc.identifier.endpage140en_US
dc.identifier.issn2651-3234
dc.identifier.issn2651-3307
dc.identifier.issue1en_US
dc.identifier.startpage119en_US
dc.identifier.trdizinid473803en_US
dc.identifier.urihttp://doi.org/10.33399/biibfad.826216
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/473803
dc.identifier.urihttps://hdl.handle.net/20.500.12684/13000
dc.identifier.volume5en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.institutionauthorCanbay, Şerif
dc.language.isoenen_US
dc.relation.ispartofBingöl Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi (Online)en_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz$2023V1Guncelleme$en_US
dc.subjectbootstrap panel causalityen_US
dc.subjectDefence spendingen_US
dc.subjectG7 countriesen_US
dc.subjectper capita incomeen_US
dc.subjecteconomic growthen_US
dc.titleRelationships Between Defence Expenditures and Economic Growth in G7 Countries: Panel Bootstrap Causality Analysisen_US
dc.typeArticleen_US

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