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Alternative models of Greek defence expenditures

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  • Christos Avramides

Abstract

This paper models and estimates Greek defence spending over the 1950-1989 period. It employs the Stone-Geary welfare function and estimates levels of defence expenditures by the Engle-Granger two-step procedure. The Dickey-Fuller test regression for cointegration is specified in terms of the significance of additional augmentations. The Deaton-Muellbauer functional form is then employed and an estimating equation for the expenditure share of defence is derived. This specification is compared with the levels equation through a number of non-nested tests involving model transformation.

Suggested Citation

  • Christos Avramides, 1997. "Alternative models of Greek defence expenditures," Defence and Peace Economics, Taylor & Francis Journals, vol. 8(2), pages 145-187.
    • Handle: RePEc:taf:defpea:v:8:y:1997:i:2:p:145-187
    DOI: 10.1080/10430719708404874
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    References listed on IDEAS

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    1. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
    2. Mr. Daniel P. Hewitt, 1991. "Military Expenditure: Econometric Testing of Economic and Political Influences," IMF Working Papers 1991/053, International Monetary Fund.
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    Cited by:

    1. Christos Kollias & Suzanna-Maria Paleologou, 2003. "Domestic political and external security determinants of the demand for greek military expenditure," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(6), pages 437-445.
    2. Jurgen Brauer, 2002. "Survey and Review of the Defense Economics Literature on Greece and Turkey: What Have We Learned?," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(2), pages 85-107.
    3. Andreou Andreas S. & Zombanakis George A. & Migiakis Petros M., 2013. "On Defence Expenditure Reduction: Balancing Between Austerity and Security in Greece," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 19(3), pages 437-458, December.
    4. Claudia Pérez- Forniés & Mª Dolores Gadea & Eva Pardos, 2004. "Gasto en defensa y renta en los países de la Alianza Atlántica (1960-2002)," Hacienda Pública Española / Review of Public Economics, IEF, vol. 170(3), pages 137-153, september.
    5. Christos Kollias & Suzanna-Maria Paleologou, 2002. "Is there a Greek-Turkish arms race? Some further empirical results from causality tests," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(4), pages 321-328.
    6. Eftychia Nikolaidou, 2016. "The role of military expenditure and arms imports in the Greek debt crisis," Economics of Peace and Security Journal, EPS Publishing, vol. 11(1), pages 18-27, April.
    7. Michael Shin & Michael D. Ward, 1999. "Lost in Space," Journal of Conflict Resolution, Peace Science Society (International), vol. 43(6), pages 793-817, December.
    8. 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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