This paper investigates the effect of inflation uncertainty innovations on inflation over time by considering the monthly United States data for the time period 1976-2006. In order to investigate the effect of inflation uncertainty innovation on inflation, a Stochastic Volatility in Mean model...

Defence expenditures have both costs and benefits to the economy. The costs of defence expenditures are mainly emphasized as opportunity costs. On the other hand, defence spending may have growth-promoting potential benefits: a rise in defence spending may result in a higher aggregate demand,...

Although a number of studies concerning Turkish defence-growth relation have been published in recent years, little attention is given the demand for Turkish defence expenditure. This is an important issue for understanding which variables contribute to the determination of the demand for...

The new strategic environment that was created with the end of the Cold War, led many European countries to abolish conscription and adopt an all volunteer force (AVF). Even though it is not likely for the Turkish Armed Forces to adopt an AVF in the near future, the issue has been in the...

Even though the military expenditure - economic growth relationship has been intensively investigated in the defence economics literature, few studies have been devoted to investigate the nature of military expenditure related employment in armed forces, civil service and in the industries that...

Following a brief account of the history and structure of Turkey's armed forces, the article reports on an effort to profile current conscripts using survey data. The samples suggest that over 50 percent of the conscripts believe that they would like to enlist beyond the conscription period, and...

The hostility between India and Pakistan is believed to have led to an arms race between the two countries, which might have contributed to their retarded economic growth. This paper investigates this twin problem of arms race and economic growth for the time period 1949-2003. The empirical...

This paper employs a beta convergence analysis for the regional employment rates in the agriculture, industry and services sectors in Turkey during 2004-2011. After performing a standard seemingly unrelated regression (SUR) model for the sectoral equations, spatial variations are also taken into...

This paper aims to investigate the direct relationship between inflation and inflation uncertainty by employing a dynamic method for the monthly country–region–place United States data for the time period 1976–2007. While the bulk of previous studies has employed GARCH models in...