Investigating the Nexus Between Militarization and Inflation in Turkey

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dc.contributor.authorcolak, Olcay
dc.contributor.authorOezuyar, Sevilay Ece Guemues
dc.contributor.authorBuelbuel, Duran
dc.date.accessioned2024-02-23T14:40:50Z
dc.date.available2024-02-23T14:40:50Z
dc.date.issued2023
dc.departmentNEÜen_US
dc.description.abstractThe importance of military expenditure in terms of establishing national security constitutes the main excuse for public expenditures made by states in this field. Yet, a special importance should be attached to military expenditure in terms of ensuring the efficiency of the public sectors of developing countries and rational use of resources. In fact, there is no consensus about the effect of these types of expenditures on the economy in general or the trade-offs they cause. Therefore, their effects on major macroeconomic variables and efficiency in resource allocation, production, and distribution deserve to be comprehensively addressed. To this end, this study aims to investigate the long-term effect of militarization on inflation in Turkey. By incorporating the annual data from the period 1970 to 2020 and employing the combined approach to cointegration suggested by Bayer and Hanck (2013), the presence of long-term interplay between militarization and inflation can be analyzed. After detecting the presence of cointegration, the findings of the long run model reveal that inflation is spurred by military expenditure and arms imports besides the other determinants of inflation.en_US
dc.identifier.doi10.47743/saeb-2023-0020
dc.identifier.endpage220en_US
dc.identifier.issn2501-1960
dc.identifier.issn2501-3165
dc.identifier.issue2en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage203en_US
dc.identifier.urihttps://doi.org/10.47743/saeb-2023-0020
dc.identifier.urihttps://hdl.handle.net/20.500.12452/16610
dc.identifier.volume70en_US
dc.identifier.wosWOS:001032516400003en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherAlexandru Ioan Cuza Univ Iasi Fac Economics & Business Admen_US
dc.relation.ispartofScientific Annals Of Economics And Businessen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBayer-Hanck Cointegration Testen_US
dc.subjectInflationen_US
dc.subjectMilitarizationen_US
dc.subjectTurkish Economyen_US
dc.titleInvestigating the Nexus Between Militarization and Inflation in Turkeyen_US
dc.typeArticleen_US

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