Askeri harcamalarının Türk ekonomisi üzerine etkileri: Genel denge modeli

ABSTRACTTHE EFFECTS OF MILITARY EXPENDITURES ON TURKISH ECONOMY:A GENERAL EQUILIBRIUM MODEL ANALYSISAya, ServetM.B.A., Department of ManagementSupervisor: Asst. Prof. Levent AkdenizJuly 2005The purpose of this thesis is to investigate the effects of military expendituresover the period of 1980-2000, in Turkey. The analysis is conducted by the aid ofcomputable general equilibrium model borrowed from Yeldan. Extending the model so asto include the military expenditures, major impacts of military spending on the macroeconomic variables of Turkey are tried to be observed.The model examines the effects of military expenditures under two main headings: (i)impact of military expenditures when expenditures are cut to the 3% GDP shareassuming Turkey followed NATO?s military expenditure policy after 1988 (ii) impact ofmilitary expenditures due to the increasing volume of conflict and armamentexpenditures coming with it, pushing the level of expenditures to 7% GDP share.The model suggests substantial economic effects which are in opposite direction withthe military expenditures. Especially, in government savings and investment, significantiiicontradiction is observed. Other macro economic variables such as GDP, disposableincome, exports and imports are in accordance with the movement in savings andinvestment.Keywords: Military Expenditures, General Equilibrium Model, Macro EconomicEffects.iv