| ID | 131329 |
| Title Proper | Foreign aid fungibility and military spending |
| Other Title Information | the case of North Cyprus |
| Language | ENG |
| Author | Feridun, Mete |
| Publication | 2014. |
| Summary / Abstract (Note) | The present article examines if the foreign aid to North Cyprus is fungible and if it is in a long-run equilibrium relationship with military spending using the Autoregressive Distributed Lag bounds testing procedure from 1977 to 2007. The results suggest that neither tax revenues nor public expenditures are in a long-run equilibrium relationship with foreign aid. However, strong evidence emerges that defence expenditures are in a long-run equilibrium relationship with foreign aid, and that the latter seem to cause the former. |
| `In' analytical Note | Defence and Peace Economics Vol.25, No.5; October 2014: p.499-508 |
| Journal Source | Defence and Peace Economics Vol.25, No.5; October 2014: p.499-508 |
| Key Words | Equilibrium Relationship ; Economic Policy ; Autoregressive Distributed ; Foreign Aid ; Economic Aid ; Cyprus ; International Cooperation ; Emergence ; Defence Economy ; Defence Expenditure ; Military Spending |