Bulletin n. 1/2015
June 2015
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Mert Topcu & Ilhan Aras
    Defense spending and economic growth: Extended empirical analysis for the European Union
    in Defence and Peace Economics , Volume 26, Issue 2 ,  2015 ,  233-246
    Previous empirical studies on the defense spending-economic growth nexus such as Kollias et al. (2007), Mylonidis (2008), Dunne and Nikolaidou (2012) analyzed this relationship in the case of the EU15. This study extends the analysis with the inclusion of more EU members and investigates the long run causal ordering between the two variables. Findings reported herein are not uniformed across all EU members. It is also found that end of Cold War has significant negative impact on defense expenditures of former east-European countries.
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