SAVUNMA HARCAMALARI, EKONOMİK BÜYÜME, GAYRİ SAFİ SABİT SERMAYE OLUŞUMU ARASINDAKİ DİNAMİK BAĞLANTILAR: NATO ÜLKELERİ İÇİN PANEL VERİ ANALİZİ

Bu çalışmanın amacı, 1995 ile 2017 arası yıllık veriler kullanılarak 27 NATO ülkesinin ekonomik büyümesi, savunma harcamaları ve gayri safi sabit sermaye oluşumu arasındaki ilişkiyi ampirik olarak araştırmaktır. İki modelin kullanıldığı çalışmada, ekonomik büyüme ve savunma harcamaları sırasıyla bağımlı değişken olarak seçilmiştir. Ampirik bulgularda her iki modelde de “eşbütünleşme” ilişkisi tespit edilmiştir. Nedensellik analizine göre, savunma harcamaları ile ekonomik büyüme arasında, gayri safi sabit sermaye oluşumu ile ekonomik büyüme arasında ve savunma harcamaları ile gayri safi sabit sermaye oluşumu arasında “çift yönlü nedensellik” tespit edilmiştir. Elde edilen bulgulara göre, politika yapıcıların savunma harcamalarını artırıcı politikalar üretmesinin ekonomik büyüme üzerinde olumlu etki bırakacağı gözlemlenmiştir.

Anahtar Kelimeler:

Savunma Harcamaları, Ekonomik Büyüme, Gayri Safi Sabit Sermaye Oluşumu, NATO

DYNAMIC LINKAGES BETWEEN MILITARY EXPENDITURES, ECONOMİC GROWTH, GROSS FIXED CAPITAL: PANEL DATA ANALYSIS FOR NATO COUNTRIES

The aim of this study is to investigate empirically the relationship between economic growth, military expenditures and gross fixed capital formation of 27 NATO countries using annual data from 1995 to 2017 period. In the study where two models were used, economic growth and defense expenditures were chosen as dependent variables, respectively. In the empirical findings, the cointegration relationship was determined in both models. According to causality analysis, two-way causality was determined between military expenditures and economic growth, between gross fixed capital formation and economic growth, and between military expenditures and gross fixed capital formation. According to the findings, it was observed that policy makers would produce policies to increase defense expenditures and this would have a positive impact on economic growth.

Keywords:

Military Expenditures, Economic Growth, Gross Fixed Capital, NATO,

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