Foreign aid fungibility and military spending: The case of North Cyprus
The present article examines if the foreign aid to North Cyprus is fungible and if it is in a long-run equilibrium relationship with military spending using the Autoregressive Distributed Lag bounds testing procedure from 1977 to 2007. The results suggest that neither tax revenues nor public expenditures are in a long-run equilibrium relationship with foreign aid. However, strong evidence emerges that defence expenditures are in a long-run equilibrium relationship with foreign aid, and that the latter seem to cause the former.
Year of publication: |
2014
|
---|---|
Authors: | Feridun, Mete |
Published in: |
Defence and Peace Economics. - Taylor & Francis Journals, ISSN 1024-2694. - Vol. 25.2014, 5, p. 499-508
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Exchange market pressure and currency crises in Turkey: an empirical investigation
Feridun, Mete, (2008)
-
Modeling and forecasting Pakistan's inflation by using time series ARIMA models
Salam, Muhammad Abdus, (2007)
-
Impact of FDI on economic development: A causality analysis for Singapore ; 1976 - 2002
Feridun, Mete, (2011)
- More ...