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Military expenditure in Greece: Security challenges and economic constraints

Author

Listed:
  • Christos Kollias

    (Department of Economics, University of Thessaly, Greece)

  • Suzanna-Maria Paleologou

    (Department of Economics, Aristotle University of Thessaloniki, Greece)

  • Andreas Stergiou

    (Department of Economics, University of Thessaly, Greece)

Abstract

Against the backdrop of significant political, economic, and security-related changes that have taken place over the past two decades or so, this article examines the factors that affect military expenditure in Greece. Invariably ranked among the countries with the highest defense burden in the EU and NATO, it would appear that such budgetary outlays have mostly been driven by the ability of the economy to allocate scarce resources to national defense and less so by external security considerations.

Suggested Citation

  • Christos Kollias & Suzanna-Maria Paleologou & Andreas Stergiou, 2016. "Military expenditure in Greece: Security challenges and economic constraints," Economics of Peace and Security Journal, EPS Publishing, vol. 11(1), pages 28-34, April.
    • Handle: RePEc:epc:journl:v:11:y:2016:i:1:p:28-34
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    File URL: http://www.epsjournal.org.uk/index.php/EPSJ/article/view/244
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    References listed on IDEAS

    as
    1. Ziya ÖNİŞ & Mustafa Kutlay, 2013. "Rising Powers in a Changing Global Order: the political economy of Turkey in the age of s," Third World Quarterly, Taylor & Francis Journals, vol. 34(8), pages 1409-1426.
    2. Derek L. Braddon & Keith Hartley (ed.), 2011. "Handbook on the Economics of Conflict," Books, Edward Elgar Publishing, number 13624.
    3. Smith, Ron, 1995. "The demand for military expenditure," Handbook of Defense Economics, in: Keith Hartley & Todd Sandler (ed.), Handbook of Defense Economics, edition 1, volume 1, chapter 4, pages 69-87, Elsevier.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Gulay Gunluk-Senesen, 2016. "Some exercises with SIPRI’s military expenditure alpha data: Same story for Greece and Turkey?," Economics of Peace and Security Journal, EPS Publishing, vol. 11(2), pages 14-19, October.
    2. Karamanis, Dimitrios & Kechrinioti, Alexandra, 2023. "The Greek-Turkish rivalry: A Bayesian VAR approach," MPRA Paper 116827, University Library of Munich, Germany.

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    More about this item

    Keywords

    Greece; military expenditure; economic contraints;
    All these keywords.

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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