Theoretical and Applied Economics
No. 2 / 2018 (615), Summer
Are defence expenditures the reasons of foreign debts in Turkey?
Gaziosmanpasa University, Tokat, Turkey
Abstract. Liberalization and globalization tendencies having had domination in the world since the beginning of 1980s have facilitated the developing countries’ access to external sources. So, serious increases have been seen in the countries’ foreign debts. There is a common consensus in both theoretical and empirical literature that one of the reasons which lead to increase in foreign debts is defence expenditures. Based on this point of view, this study mainly aims at analyzing the relationship between foreign debts and defence expenditures as specific to Turkey by considering data of 1980-2016 period. In this regard, Toda-Yamamoto and Dolado-Lütkepohl (TYDL) tests have been utilized. Analysis findings indicate that defence expenditures are the reasons of foreign debts in Turkey.
Contents
Studying banking performance from an accounting perspective: Evidence from Europe
Corruption, governments’ debts, trade, and global growth
Innovation – trends and patterns at Romanian firms
How to build an economy free of recession and stagnation: results from a multi-commodity macro model
Analyzing the employment rate of the population, unemployment and vacancies in the economy
An implicit model of adjustment costs in differential input demand systems
Diversity and proportionality, challenges or opportunities for the European banking sector?
A competitive economy as the path to future prosperity: Comparative analysis of selected European countries
Studying the political economy of reforms: The Greek case, 2010-2017
Analysis of the evolution of the number of pensioners and pensions in Romania
Inflation unemployment dynamics in Hungary – A structured cointegration and vector error correction model approach
Are defence expenditures the reasons of foreign debts in Turkey?
Exports, imports and economic growth in India: Evidence from cointegration and causality analysis
The role of economic growth and energy consumption on CO2 emissions in E7 countries
Which comes first – savings or growth? Time series evidence from ECOWAS countries