Is there Any Cointegration Between Turkey's and Greece's Military Expenditures?

: İki NATO üyesi ve aynı zamanda iki komşu ülke olan Türkiye ve Yunanistan aralarındaki husumetten dolayı bu ülkelerin askeri harcamalarında uzun dönemli bir ilişki olabileceği varsayımı bu çalışmada incelenecektir. Ilgilenilen dönem 1949 ve 2001 arasıdır. Augmented Dickey-Fuller testi ile serilerin durağanlığına bakıldıktan sonra Johansen eşbütünleşik testi uygulanarak uzun dönemli bir ilişkinin var olup olmadığı araştırılmıştır. Ampirik bulgular ilgili dönemde iki ülkenin askeri harcamaları arasında uzun dönemli bir ilişkinin varlığını göstermektedir. Hata düzeltme modeli (ECM) ile iki ülkenin askeri harcamalarının birbirlerini nasıl besledikleri de gösterilmiştir.

Türkiye ve Yunanistan'ın Askeri Harcamalarında Bir Eşbütünleşme Var mı?

This study concerns about the long-run relationship between Turkey’s and Greece’s military expenditures due to the hostility of these two neighboring and NATO ally countries. Our data range from 1949 to 2001. After checking the series whether they are stationary or not based upon Augmented Dickey-Fuller test, we apply to Johansen’s cointegration test to see the long-run connection. Our empirical findings support the long-run relationship between these two countries military expenditures. We also checked the ECM to see how the cointegrating vector feeds back on the military expenditures of the two countries.

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