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The Relationship Between Military Expenditures, Unemployment and Economic Growth: An Analysis on Türkiye

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  • Nuh Ekrem Yıldırım

    (Akdeniz University)

Abstract

The aim of this study is to examine the possible short-run and long-run relationships between unemployment, economic growth, military and non-military expenditures in the period covering the 1988-2022 time interval in the case of Turkiye using ARDL cointegration methodology. The limited number of studies on the relationship between military expenditures, economic growth and unemployment reveals the importance of this study. The short and long-run findings indicate that economic growth reduces unemployment while military and non-military expenditures are statistically insignificant. Moreover, the finding on economic growth can be interpreted that Okun's Law is valid both in the short and long run in the Turkish economy.

Suggested Citation

  • Nuh Ekrem Yıldırım, 2024. "The Relationship Between Military Expenditures, Unemployment and Economic Growth: An Analysis on Türkiye," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 39(122), pages 134-156, October.
    • Handle: RePEc:acc:malfin:v:39:y:2024:i:122:p:134-156
    DOI: https://doi.org/10.33203/mfy.1495932
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    More about this item

    Keywords

    Military Expenditures; Unemployment; Turkiye;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H59 - Public Economics - - National Government Expenditures and Related Policies - - - Other
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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