| Yazarlar |
Prof. Dr. Gülbahar ÜÇLER
Kırşehir Ahi Evran Üniversitesi, Türkiye |
Prof. Dr. Ümit BULUT
Kırşehir Ahi Evran Üniversitesi, Türkiye |
| Özet |
| The goal of this paper is to investigate whether the ratio of military expenditures to GDP converged across 27 NATO countries for the period 1993-2018 within the scope of stochastic convergence analysis. For this purpose, paying attention to the modeling of structural breaks, the paper employs unit root tests with and without sharp breaks and a unit root test with gradual breaks. The empirical findings imply that using different approximations in modeling structural breaks results in different outputs. The findings indicate weak evidence for the presence of convergence as well. The theoretical and practical implications of these findings are discussed. |
| Anahtar Kelimeler |
| military expenditures | NATO countries | burden-sharing | convergence | unit root tests |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | ESCI dergilerinde yayımlanan tam makale |
| Dergi Adı | APPLIED ECONOMICS JOURNAL |
| Dergi ISSN | 2586-9124 |
| Dergi Tarandığı Indeksler | ESCI |
| Makale Dili | İngilizce |
| Basım Tarihi | 06-2021 |
| Cilt No | 28 |
| Sayı | 1 |
| Sayfalar | 43 / 62 |
