FIGHTING TERRORISM: ARE MILITARY MEASURES EFFECTIVE? EMPIRICAL EVIDENCE FROM TURKEY
Abstract:The present article aims at investigating the causal relationship between defense spending and terrorism in Turkey using the Autoregressive Distributed Lag (ARDL) bounds testing procedure and Granger-causality analysis. The findings reveal that there exists a unidirectional causality running form terrorist attacks to defense spending as expected, but not vice versa. In the light of this finding it can be inferred that military anti-terrorism measures alone are not sufficient to prevent terrorism.
Document Type: Research Article
Affiliations: 1: Department of Banking and Finance, Faculty of Business and Economics, Eastern Mediterranean University, Turkey 2: Centre for Research, Department of Management Sciences, COMSATS Institute of Information Technology, Lahore, Pakistan
Publication date: April 1, 2010