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Defense Expenditures Current Account Deficit and Economic Growth Relationship: The Case of NATO Countries
2021
Journal of Contemporary Issues in Business and Government
In the economic literature, there are not many studies in the empirical literature on defense spending, current account deficit and its effect on economic growth. In this study, to investigate the relationship between NATO countries for the 1990-2017 period. In the analyzes, Emirmahmutoğlu and Köse (2011) and Dumitreschu-Hurlin (2012) panel causality tests were used. As a result of the analysis, one unit increase in defense expenditures increased economic growth by 0.878 units, according to the
doi:10.47750/cibg.2021.27.02.138
fatcat:jfa4u47x7vapha656ywbma35ni