Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/7708
Title: Time Varying Determinants of US Demand for Defense Spending in the post-Cold War Era
Authors: Yalta, Abdullah Talha
Tüzün, Furkan
Keywords: Demand for defense spending
US military burden
post-Cold War
China
Russia
maximum entropy bootstrap
Issue Date: 2020
Publisher: Taylor & Francis Ltd
Abstract: We adopt the maximum entropy bootstrap methodology in a rolling window framework in order to investigate the time varying determinants of the US demand for defense spending. Our results based on annual data between 1967 and 2018 show that the US defense demand is mainly driven by lagged military burden, economic growth, GDP share of non-military government spending, election cycle, relative costliness of defense as well as the Russian and the Chinese military burdens. Moreover, the signs and the magnitude of the coefficients show significant variations throughout the sample period. The results also provide a strong evidence of the rising rivalry between the US and China, reflecting the developments in the world economy and the global military arena in the last two decades.
URI: https://doi.org/10.1080/10242694.2020.1725856
https://hdl.handle.net/20.500.11851/7708
ISSN: 1024-2694
1476-8267
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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