DSpace Repository

Distinct Asymmetric Effects of Military Spending on Economic Growth for Different Income Groups of Countries

Show simple item record

dc.contributor.author Karadam, Duygu Yolcu
dc.contributor.author Öcal, Nadir
dc.contributor.author Yıldırım, Jülide
dc.date.accessioned 2022-04-06T11:21:20Z
dc.date.available 2022-04-06T11:21:20Z
dc.date.issued 2021-11
dc.identifier.citation Karadam, Duygu Yolcu; Öcal, Nadir, Yıldırım, Jülide (2021). "Distinct Asymmetric Effects of Military Spending on Economic Growth for Different Income Groups of Countries", Defence and Peace Economics. tr_TR
dc.identifier.issn 1476-8267
dc.identifier.uri http://hdl.handle.net/20.500.12416/5285
dc.description.abstract Although possible asymmetries for univariate and multivariate dynamics have been the focus of interest in many areas of economic explorations, it seems that most of the research on military expenditure - economic growth nexus has tended to assume linear relationships. This paper aims to examine possible nonlinearities in military expenditure-economic growth nexus employing data for a sample of 103 countries covering the 1988-2019 period. For this purpose, Panel Smooth Transition Regression, PSTR, models are estimated not only for all countries' sample but also for low income, middle income, and high-income countries' subsamples to reveal possible distinct asymmetric relationships for country groups with different income levels. Empirical results for the whole sample, low income and middle income groups indicate that military expenditure not only governs the regime change, but also low and high levels of military expenditure have distinctive and rising negative effects on economic growth with dissimilar threshold effects. Moreover, empirical findings also indicate that net arms exports govern regime change for high income countries, and as net arms exports rise, the negative impacts of military expenditure on economic growth become deeper. tr_TR
dc.language.iso eng tr_TR
dc.relation.isversionof 10.1080/10242694.2021.1984030 tr_TR
dc.rights info:eu-repo/semantics/closedAccess tr_TR
dc.subject Military Expenditure tr_TR
dc.subject Economic Growth tr_TR
dc.subject Non-Linear Models tr_TR
dc.subject Panel Smooth Transition Regression Model tr_TR
dc.title Distinct Asymmetric Effects of Military Spending on Economic Growth for Different Income Groups of Countries tr_TR
dc.type article tr_TR
dc.relation.journal Defence and Peace Economics tr_TR
dc.contributor.authorID 163521 tr_TR
dc.contributor.department Çankaya Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü tr_TR


Files in this item

Files Size Format View

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record