The Relationship Between Military Expenditures, Democracy and Economic Development

International Journal of Contemporary Economics and Administrative Sciences

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Field Value
 
Title The Relationship Between Military Expenditures, Democracy and Economic Development
 
Creator Gül, Ekrem
Torusdag, Mustafa
 
Description From the 1950s and onwards, the relationship between democracy and economic development remains a matter of curiosity. In this study, the relationship between democracy and economic development as institutional determinants of military expenditures is investigated by Dumitreschu-Hurlin (2012) time-varying panel causality test for 34 OECD countries for the period of 1990-2017. As a result of the analysis, between 1995-2015 period there was a two-waycausal relationship between military expenditures and economic development, military expenditures and democracy, and a one-way causality running from development to democracy. In the period between 2002 and 2016, there was a one-way causal relationship from democracy to military spending and from democracy to development. In the period of 2003-2017, it was revealed that there was a one way causality from democracy to development and the compatibility perspective is valid.          
 
 
Publisher International Journal of Contemporary Economics and Administrative Sciences
 
Date 2019-12-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://www.ijceas.com/index.php/ijceas/article/view/310
10.5281/zenodo.3596106
 
Source International Journal of Contemporary Economics and Administrative Sciences; Vol 9 No 2 (2019): IJCEAS; 405-427
1925-4423
 
Language eng
 
Relation http://www.ijceas.com/index.php/ijceas/article/view/310/230
 
Rights Copyright (c) 2019 International Journal of Contemporary Economics and Administrative Sciences
http://creativecommons.org/licenses/by/4.0
 

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