THE LONG-RUN LINKAGES BETWEEN EDUCATION, HEALTH AND DEFENCE EXPENDITURES AND ECONOMIC GROWTH: EVIDENCE FROM TURKEY

Eryigit S., ERYİĞİT K. Y., Selen U.

DEFENCE AND PEACE ECONOMICS, cilt.23, sa.6, ss.559-574, 2012 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 23 Sayı: 6
  • Basım Tarihi: 2012
  • Doi Numarası: 10.1080/10242694.2012.663577
  • Dergi Adı: DEFENCE AND PEACE ECONOMICS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.559-574
  • Anahtar Kelimeler: Human capital, Economic growth, Defence expenditure, Crowding-out effect, Cointegration, Structural breaks, BUDGETARY TRADE-OFFS, UNIT-ROOT, MILITARY EXPENDITURE, COUNTRIES, COINTEGRATION, GREECE, MODEL
  • Bursa Uludağ Üniversitesi Adresli: Evet

Özet

In this study, we empirically investigate the long-run relationships between education-health expenditures, defence expenditures and economic growth in Turkey by using annual time-series data for the time period 1950-2005. To estimate these relationships, we use the cointegration method, which allows for the existence of structural breaks. The results show that there are two cointegrating vectors in the system with statistically significant structural breaks. According to the identified long-run equations, education and health expenditures affect economic growth positively, while defence expenditures have negative effects. In addition, the results show that there is a budgetary trade-off between education-health and defence expenditures.