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- W2187417365 abstract "This paper investigates cointegration and causality among exchange rate, military expenditures, and economic growth for Turkish economy. For this purpose, this study applied the Granger-causality (GC) and error correction (EC) techniques on 1974-2005 data for Turkey. The results show that military expenditures negatively affect economic growth, but this effect is not significant. This conclusion is meaningful for Turkey since she has problems with neighboring countries. Therefore, reducing military expenditures increase security problems. On the other hand, this study found bi-directional causality between level of exchange rate and economic growth (GDP)." @default.
- W2187417365 created "2016-06-24" @default.
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- W2187417365 date "2007-01-01" @default.
- W2187417365 modified "2023-09-22" @default.
- W2187417365 title "Cointegration and Causality among Defense Expenditures, Economic Growth and Level of Exchange Rate in Turkey" @default.
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