caa a22 4500 378930168 CHVBK 20180305123627.0 cr unu---uuuuu 161128e20041201xx s 000 0 eng 10.2202/1475-3693.1028 doi (NATIONALLICENCE)gruyter-10.2202/1475-3693.1028 Halicioglu Ferda The University of Greenwich Defense Spending and Economic Growth in Turkey: An Empirical Application of New Macroeconomic Theory [Elektronische Daten] [Ferda Halicioglu] This study presents new empirical evidence on the relationship between the level of economic growth and defense expenditures in the case of Turkey for the period of 1950-2002. On using new macroeconomic theory and multivariate cointegration procedure, this study demonstrates empirically that there exists a positive long-run relationship between aggregate defense spending and aggregate output in Turkey. In addition, the CUSUM and CUSUMSQ tests confirm the stability of the aggregate output function. The results obtained from this study are, by and large, in line with the previous studies concerning Turkey. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston JEL Classification: E69 nationallicence aggregate defense spending nationallicence aggregate output nationallicence cointegration nationallicence stability tests nationallicence Turkey nationallicence Review of Middle East Economics and Finance De Gruyter 2/3(2004-12-01), 34-43 2:3<34 2004 2 rmeef https://doi.org/10.2202/1475-3693.1028 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1475-3693.1028 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Halicioglu Ferda The University of Greenwich NATIONALLICENCE 773 0- Review of Middle East Economics and Finance De Gruyter 2/3(2004-12-01), 34-43 2:3<34 2004 2 rmeef CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter