Savunma Harcamaları ve Ekonomik Büyüme İlişkisi: OECD Ülkeleri İçin Panel Eşik Değer Analizi

Since Benoit's (1973) work, which argued that defense spending positively affects economicgrowth, the effects of defense spending on economic growth have been widely examined, and differenttheories have been developed. Linear models are generally used in the study of this topic. Consideringthat many economic variables may have a nonlinear generating mechanism, it is found that this isneglected in studies of defense spending and economic growth. This study examines the relationshipbetween defense spending and economic growth using the panel threshold model for 17 OECDcountries. According to empirical results, a linear relationship between defense expenditures andeconomic growth could not be observed. This result shows that the effect of defense spending oneconomic growth can change with the threshold value. The findings suggest that defense spendingabove (below) the threshold of 0.599 positively (negatively) influences economic growth.