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《【国防经济学英文论文】Defense spending and economic growth in Turkey-- an empirical application of new macroeconomic theory》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、REV.MIDDLEEASTECON.FIN.,2004,VOL.2,NO.3,193–201DefensespendingandeconomicgrowthinTurkey:anempiricalapplicationofnewmacroeconomictheoryFERDAHALICIOG˘LUDepartmentofEconomics,BusinessSchool,TheUniversityofGreenwich,GreenwichMaritimeCampus,LondonSE109LS,UK(e-mail:R.F.Halicioglu@greenw
2、ich.ac.uk)ThisstudypresentsnewempiricalevidenceontherelationshipbetweenthelevelofeconomicgrowthanddefenseexpendituresinthecaseofTurkeyfortheperiodof1950–2002.Onusingnewmacroeconomictheoryandmultivariatecointegrationprocedure,thisstudydemonstratesempiri-callythatthereexistsapositiv
3、elong-runrelationshipbetweenaggregatedefensespendingandaggregateoutputinTurkey.Inaddition,theCUSUMandCUSUMSQtestsconfirmthestabilityoftheaggregateoutputfunction.Theresultsobtainedfromthisstudyare,byandlarge,inlinewiththepreviousstudiesconcerningTurkey.Keywords:aggregatedefensespend
4、ing;aggregateoutput;cointegration;stabilitytests;TurkeyJELClassification:E69,E60,H501.IntroductionTherelationshipbetweenmilitaryexpenditureandeconomicgrowthhasfrequentlybeenexploredempiricallyinthedefenseeconomicsliteraturesincetheseminalempiricalresearchofBenoit(1973,1978),whichsu
5、ggestedthatmilitaryspendinghadapositiveimpactoneconomicdevelopment.TheresultsofBenoit’sadhocstudiesarederivedfromtheexistenceofaseriesofspin-offs,spill-oversandpositiveexternalitieswhichledtoasignificantnumberofempiricalstudies.Therearebroadlytwostrandsofempiricalresearchintothistop
6、icinthedefenseliterature.ThefirstgroupusessingleregressionequationsinordertotesttheimpactofmilitaryexpenditureongrowthviaNeoclassicalorKeynesianapproaches.TheNeoclassicalsinglesupply-sidemodelofgrowthanddefenseisbasedontheworkofFeder(1982),Ram(1986)andBiswasandRam(1986),whichisrefe
7、rredtoastheFeder–Rammodel.TheKeynesiansingledemand-sidemodelsarederivedfromtheKeynesianrepresentationofaggregatedemandandarebasedontheinitialworkofSmith(1980).ReviewofMiddleEastEconomicsandFinanceISSN1475-3685print/ISSN1475-3693online#2004Taylor&FrancisLtdhttp://www.tandf.co.uk/jo
8、urnalsDOI:10.1080/147536804200029
