İnsan ve Toplum Bilimleri Araştırmaları Dergisi, vol.9, no.3, pp.1898-1923, 2020 (Peer-Reviewed Journal)
In the economic literature, there are not many studies in the empirical literature on defense spending, current account deficit and its effect on economic growth. In this study period 1990-2017 to investigate the relationship between economic growth and the current account deficit of Turkey's defense spending empirical analysis was carried out using annual data. Hacker and Hatemi (2006) according to the causality test, defense spending in Turkey and neutrality of causality hypothesis in economic growth seems to be valid. Time-varying causality analysis to the economic growth of the current account deficit for the sub-periods between 1990-2017 in Turkey, 1993-2007 period other than the military spending of the current account deficit in other period 1995-2009 to the period of the current account deficit from military expenditure in the period and outside 1994-2008, 1995-2009 it was determined that there is a one-way causality relationship from economic growth to military expenditures in other periods other than the periods. It is seen that one-way causality relationship from defense expenditures to economic growth is valid in other sub periods except 1994-2008 period.