An empirical note on external debt and defence expenditures in Turkey

Sezgin S.

DEFENCE AND PEACE ECONOMICS, cilt.15, sa.2, ss.199-203, 2004 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 15 Sayı: 2
  • Basım Tarihi: 2004
  • Doi Numarası: 10.1080/1024269032000110568
  • Dergi Adı: DEFENCE AND PEACE ECONOMICS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.199-203
  • Anahtar Kelimeler: Turkey's Defence expenditure, external debt, cointegration
  • Eskişehir Osmangazi Üniversitesi Adresli: Hayır

Özet

It is often argued that defence expenditures, and in particular arms imports, are one of the main reasons for the recent increasing trend of Turkey's external debt. This paper empirically examines the relationships between Turkey's defence expenditure and external debt for the period 1979-2000 using Engle-Granger methodology. The findings show no clear evidence of defence-debt relationships for the period analysed.