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Erdal Karagol 《Defence and Peace Economics》2013,24(1):47-57
This paper contributes to the continuing debate on the economic effects of military expenditure by undertaking a case study of Greece. Within Europe Greece provides a particularly interesting object of study. It has the highest military burden in Europe and NATO, is the only European Union country situated in the unstable environment of the Balkans, faces a military threat from Turkey, and has a very weak economy. After some background analysis of the economy and military expenditure, the paper investigates the determinants of Greek military expenditure as well as whether the high military burden has played an important role in Greece's poor economic performance over the period 1960–1996. It estimates a Keynesian simultaneous equation model with a supply side, which allows the indirect effects of military expenditure to be captured explicitly. It concludes that the major determinants of Greek defence spending are not economic but strategic (the threat of war) and that the direct effect of defence spending on economic growth as well as the indirect effects through savings and trade balance are all significantly negative. On the basis of such strong results, the paper concludes that defence spending is harmful for the Greek economy. 相似文献
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John C. Baker ? 《The Nonproliferation Review》2013,20(1):119-123
Missile Contagion: Cruise Missile Proliferation and the Threat to International Security, by Dennis M. Gormley. Praeger Security International, 2008. 272 pages, $54.95. 相似文献
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This paper empirically investigates the importance of financial and political variables in determining debt rescheduling probabilities in Turkey for 1955–2000. The problem of sovereign debt default and rescheduling has been the subject of substantial academic research during the last two decades. There has been criticism of models of developing countries’ indebtedness and rescheduling that rely solely on some economic or financial predictors related to country debt, the foreign exchange sector or the domestic economic situation. Using probit analysis, this paper indicates that financial variables are important determinants of rescheduling probabilities. However, political variables are not significant in our models. 相似文献
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Metehan Yilgör Erdal Tanas Karagöl Çiğdem Ateş Saygili 《Defence and Peace Economics》2014,25(2):193-203
There is much controversy in the literature over whether military expenditures have a positive, negative or no relation impact on economic growth. The aim of this paper is to determine the relationship between GDP and defence expenditure. The study analyses GDP and defence expenditures of the developed countries with cross-sectional ADF and SURADF unit root tests using annual data for the years 1980–2007. We conclude that in the long term, according to the Pedroni cointegration test, there exists a relationship between defence expenditure and economic growth. Furthermore, by utilizing the Granger causality test, we find that defence expenditure is a factor in economic growth. In other words, our study validates the hypothesis that defence spending by economically developed countries positively contributes to their economics. 相似文献
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Military Spending and Income Inequality:Evidence on Cointegration and Causality for Turkey,1963–2007
Erdal Karagol 《Defence and Peace Economics》2013,24(3):289-298
This paper investigates a series of unit root, cointegration and causality tests to ascertain the direction of causality between the growth of GNP and defence expenditure in Turkey for the years 1955–2000. The main conclusion is that there is a long‐run equilibrium relationship between GNP and defence expenditures. Furthermore, the short run causality test indicates that there is a unidirectional causality between variables, from defence expenditure to economic growth. In order to see the effect of a shock, we employed impulse response analyses. The results show that GNP decreased during the period then output finally recovered from the initial shock to defence expenditures. 相似文献
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Loch K. Johnson ? 《The Nonproliferation Review》2013,20(1):111-118
Spying on the Nuclear Bear: Anglo-American Intelligence and the Soviet Bomb, by Michael S. Goodman. Stanford University Press, 2007. 295 pages, $50. 相似文献
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The performance of a laser weapon system based on coherent beam combining (CBC) depends on its propagation properties in the atmosphere. In this study, an analytical model based on partial coherent beam combining (PCBC) for assumed coherence coefficients between beams in a CBC lattice was developed. The Kolmogorov model of atmospheric turbulence and the Hufnagel-Valley model of Cn2 dependence on atmospheric parameters were implemented. Novel simplified metrics were proposed to assess the CBC performance. Several beam profiles (super-Gaussian, truncated Gaussian, etc.) and ge-ometries were analyzed in terms of maximal intensity in the far field. An approximate formula for PCBC efficiency dependent on the Fried radius was proposed. The results of CBC modeling were compared to those of the Gaussian beam propagation model in a turbulent atmosphere. The dependence of CBC performance on the Cn2 parameter, range, and elevation angle was analyzed. It could be concluded that the application of CBC for medium and long range propagation is impractical without an effective adaptive optics system. 相似文献
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