Terrorist actions can have a multitude of economic consequences that may adversely affect a number of economic indices, sectors and activities including growth and investment. From the markets' perspective, terrorist attacks are unforeseen events that, depending among other things on their...

Purpose – The purpose of this paper is to investigate the revenue-expenditure nexus in the case of the 15 members of the European Union. Design/methodology/approach – The paper uses a VECM framework to determine the causal ordering between these two macroeconomic aggregates. Findings – The...

Purpose – The purpose of this paper is to investigate the relationship between growth, investment and military expenditure in the case of the European Union‐15. Design/methodology/approach – The paper uses fixed panel models, random coefficient models and a trivariate VAR model to examine...

Purpose – The purpose of this paper is to investigate the revenue‐expenditure nexus in the case of the 15 members of the European Union. Design/methodology/approach – The paper uses a VECM framework to determine the causal ordering between these two macroeconomic aggregates. Findings –...

Purpose – The purpose of this paper is to examine the impact of unemployment on various types of crime in Greece. Design/methodology/approach – A battery of econometric tests, including Granger causality tests, a variance decomposition analysis, and an impulse response analysis are used to...

Using the KOF index of globalization that allows for the multidimensionality of the process, the paper sets out to examine the presence of convergence among countries in the three dimensions of the globalization process: economic, social, political. The sample used in the empirical investigation...