TY - JOUR AU - Gül, Ekrem AU - Torusdag, Mustafa PY - 2019/12/31 Y2 - 2024/03/28 TI - The Relationship Between Military Expenditures, Democracy and Economic Development: Military Expenditures, Democracy and Economic Development Relationship JF - International Journal of Contemporary Economics and Administrative Sciences JA - IJCEAS VL - 9 IS - 2 SE - Articles DO - 10.5281/zenodo.3596106 UR - http://ijceas.com/index.php/ijceas/article/view/310 SP - 405-427 AB - <p><span lang="TR">From the 1950s and onwards, the relationship between democracy and economic development remains a matter of curiosity. In this study, the relationship between democracy and economic development as institutional determinants of military expenditures is investigated by Dumitreschu-Hurlin (2012) time-varying panel causality test for 34 OECD countries for the period of 1990-2017. As a result of the analysis, between 1995-2015 period there was a two-waycausal relationship between military expenditures and economic development, military expenditures and democracy, and a one-way causality running from development to democracy. In the period between 2002 and 2016, there was a one-way causal relationship from democracy to military spending and from democracy to development. In the period of 2003-2017, it was revealed that there was a one way causality from democracy to development and the compatibility perspective is valid.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></p><p>&nbsp;</p> ER -