This study examines terror risk on defence expenditures using multiple regression model. To perform this, terrorist incidents which has occurred in previous years were used as an indicator of terrorist risk of the country.The number of soldiers, population, surface area and GNP are used as control variables and defence expenditures as the dependent variable of the multiple regression model. Our sample consist of 126 countries and the model result from this sample shows us that defence expenditures rises with the rise of terror risk. Productive and welfare enhancing resources are transferring to the defence industry.
Alan : Ziraat, Orman ve Su Ürünleri; Spor Bilimleri
Dergi Türü : Uluslararası
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