Defence expenditures and external debt in Turkey

被引：17
|
作者：
Karagol, E [1 ]
机构：
[1] Balikesir Univ, Dept Econ & Adm Sci, TR-10200 Bandirma, Balikesir, Turkey
来源：
DEFENCE AND PEACE ECONOMICS | 2005年 / 16卷 / 02期
关键词：
debt; defence; Turkey; causality;
D O I：
10.1080/10242690500070045
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The causal relationship between defence expenditures and external debt is investigated by applying a multivariate model. Our estimation results indicate that defence expenditures and external debt for Turkey are cointegrated. To test for Granger causality in the presence of cointegration between variables, we employ a vector error correction model. Empirical results for Turkey over the period 1955-2000 suggest a long run and short run unidirectional causality running from defence expenditures to external debt but not vice versa.
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页码：117 / 125
页数：9
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