2021
DOI: 10.33399/biibfad.826216
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Relationships Between Defence Expenditures and Economic Growth in G7 Countries: Panel Bootstrap Causality Analysis

Abstract: It is important to reveal the relationship between defence expenditures and economic growth for both developed countries and developing countries. Dynamic political and economic developments affect defence expenditures. Many macroeconomic variables of countries are affected by the change in defence expenditures. Economic growth comes first among these macroeconomic variables. This study aims to determine the relationships between the economic growth and defense expenditures of the G7 countries for the period 1… Show more

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Cited by 2 publications
(1 citation statement)
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“…Many studies confirm the presence of a statistically significant impact of R&D expenditures on economic growth (Freimane and Balina, 2016;Hafeez et al, 2019;Sezgin, 2020). Therewith, several other studies do not find sufficient evidence to make an unambiguous conclusion that there is a close positive relationship between R&D spending and economic growth (Canbay, 2020;Huseynli, 2023).…”
Section: Theoretical Foundations Of the Formation Of An Innovative Ec...mentioning
confidence: 99%
“…Many studies confirm the presence of a statistically significant impact of R&D expenditures on economic growth (Freimane and Balina, 2016;Hafeez et al, 2019;Sezgin, 2020). Therewith, several other studies do not find sufficient evidence to make an unambiguous conclusion that there is a close positive relationship between R&D spending and economic growth (Canbay, 2020;Huseynli, 2023).…”
Section: Theoretical Foundations Of the Formation Of An Innovative Ec...mentioning
confidence: 99%