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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,...
Persistent link: https://www.econbiz.de/10005495957
Although a number of studies concerning Turkish defence-growth relation have been published in recent years, little attention is given the demand for Turkish defence expenditure. This is an important issue for understanding which variables contribute to the determination of the demand for...
Persistent link: https://www.econbiz.de/10005495982
The new strategic environment that was created with the end of the Cold War, led many European countries to abolish conscription and adopt an all volunteer force (AVF). Even though it is not likely for the Turkish Armed Forces to adopt an AVF in the near future, the issue has been in the...
Persistent link: https://www.econbiz.de/10005495984
Even though the military expenditure - economic growth relationship has been intensively investigated in the defence economics literature, few studies have been devoted to investigate the nature of military expenditure related employment in armed forces, civil service and in the industries that...
Persistent link: https://www.econbiz.de/10005462788
Persistent link: https://www.econbiz.de/10005462804
Tourism sector entails both costs and benefits to the economy. The costs are mainly emphasized as opportunity costs. On the other hand tourism revenues may have growth promoting potential benefits: It is a source for deriving foreign exchange which can be used to import capital goods for...
Persistent link: https://www.econbiz.de/10010813935
Following a brief account of the history and structure of Turkey's armed forces, the article reports on an effort to profile current conscripts using survey data. The samples suggest that over 50 percent of the conscripts believe that they would like to enlist beyond the conscription period, and...
Persistent link: https://www.econbiz.de/10010941248
Attiat Ott and Richard Cebula have recognised the need to present, in an accessible and straightforward way, the voluminous literature in the public economics arena. Advances in econometric techniques and the spillover of knowledge from other disciplines made it difficult, not only for students...
Persistent link: https://www.econbiz.de/10011174804
The ongoing Turkish-Greek antagonism has triggered the interest of defense economists to investigate the various aspects of the arms race between Turkey and Greece. However, empirical studies examining the long-run relationship between the military expenditures of the two countries offer little...
Persistent link: https://www.econbiz.de/10004966911
The hostility between India and Pakistan is believed to have led to an arms race between the two countries, which might have contributed to their retarded economic growth. This paper investigates this twin problem of arms race and economic growth for the time period 1949-2003. The empirical...
Persistent link: https://www.econbiz.de/10005639968