Concerns on the issue of defence expenditure in the post-crisis Greece

• Autorzy: Katsaitis Odysseus , Kondylis Konstantine , Zombanakis George A.

Identyfikatory

DOI

10.35467/sdq/103408

• Języki publikacji: EN

Abstrakty

EN

The paper aims to tackle a controversial issue, namely the anticipated developments regarding defence expenditure once the Greek economy returns to growth. Such a comeback is expected to occur following a prolonged recessionary period during which defence spending cuts were a top priority, as recommended by the IMF, the ECB and the EC, members of the so-called “Troika”. The paper uses both conventional econometrics as well as neural networks to consider and evaluate the hierarchy’s ordering of the determinants used in such a demand for defence expenditure based on their explanatory power. While the role of property resources is certainly pronounced, as expected, human resources variables also seem to be able to explain defence spending developments, especially in the recent past. A forecasting investigation based on this background points to a number of interesting conclusions on the anticipated developments concerning defence spending in the future as well as on the determinants of such developments which might represent a threat to NATO cohesion.

Słowa kluczowe

EN

defence expenditures; economic growth; arms races

• Wydawca: Akademia Sztuki Wojennej
• Czasopismo: Security and Defence Quarterly
• Rocznik: 2019
• Tom: Vol. 24, No. 2
• Strony: 177--201
• Opis fizyczny: Bibliogr. 43 poz., rys., tab.

Twórcy

autor

Katsaitis Odysseus

• Department of Economics, The American College of Greece

autor

Kondylis Konstantine

• Department of Economics, The American College of Greece

autor

Zombanakis George A.

• Department of Economics, The American College of Greece

Bibliografia

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Uwagi

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).