Özet:

In the study, the interaction between military expenditures and employment level was investigated by panel data analysis method, using annual data for the 1991-2020 period for the economies of Mexico, Indonesia, Nigeria and Turkey, which are categorized as MINT countries. In the study, after heterogeneity research and cross-sectional dependence test were performed as a method, CADF (Cross-Sectionally Augmented Dickey-Fuller) Panel Unit Root Test was used to test for stationarity. Westerlund and Edgerton (2008) analyzed the existence of a long-term relationship between the variables with the structural break panel cointegration test, in order to avoid the spurious regression problem in the model in which the level values could not be determined to be stationary as a result of the unit root test. After the long-term relationship detected, panel error correction model estimation was made using the Extended Mean Group (AMG) estimator. For the analysis of the causality relationship between the variables, the direction and degree of the relationship were determined by applying the Cannings and Pedroni Panel Causality Test. The break dates of the long-term relationship determined as a result of the analysis indicate the last ten-year period of the 20th century. The existence of a one-way causality relationship from military expenditures to employment level has been revealed as a result of the analysis and it has been determined that a 1% increase in military expenditures will decrease employment by 0.02%.

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