The aim of this study is to analyze the relation between military interventions,
coalitions and economic growth. In the study the relation between foreign direct
investment, unemployment and growth also analyzed. For this purpose a semi-log
model is constructed and Ordinary Least Squares (OLS) method used to test the
linear relation between military interventions, coalitions, certificates given to
foreign companies for investment, unemployment and GDP per capita. According to
the results of analysis, presence of the co-integration is confirmed in the long-run
between mentioned variables. And it is found out that there is a negative and
significant relation between unemployment, number of certificates given to foreign
companies for investment, coalition and economic growth. The relation between
military intervention and growth is found insignificant and negative. The VECM
model was used to test the causality shows that during the transition process from
short-run to long-run, balance will be established. Deviation of GDP per capita in
the short-run will gravitate towards balance in the long-run.
Real Time Impact Factor:
Pending
Author Name: M. Veysel KAYA & Erkan DEM?RBA?
URL: View PDF
Keywords: Military Intervention, Coalition, Economic Growth, Co-integration, Vector Error Correction
ISSN: 1694-5948
EISSN: 1694-5972
EOI/DOI:
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