TY  - JOUR
PY  - 2005//
TI  - Military expenditure and economic growth in middle eastern countries: a dynamic panel data analysis
JO  - Defence and peace economics
A1  - Yildirim, J
A1  - Sezgin, Selami
A1  - Öcal, N
SP  - 283
EP  - 295
VL  - 16
IS  - 4
N2  - Defence expenditures have both costs and benefits to the economy. The costs of defence expenditures are mainly emphasized as opportunity costs. On the other hand, defence spending may have growth-promoting potential benefits: a rise in defence spending may result in a higher aggregate demand, production and employment. This paper examines empirically the effects of military expenditures on economic growth for Middle Eastern countries and Turkey, for the time-period 1989-1999. The relationship between military expenditure and economic growth is investigated by using cross-section and dynamic panel estimation techniques. Empirical analysis indicates that military expenditure enhances economic growth in the Middle Eastern countries and Turkey as a whole.<p /> 
LA  - 
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/10242690500114751
ID  - ref1
ER  -