{"id":328,"date":"2024-06-14T21:37:06","date_gmt":"2024-06-14T18:37:06","guid":{"rendered":"https:\/\/www.arcadeproject.gr\/?p=328"},"modified":"2024-06-14T21:37:06","modified_gmt":"2024-06-14T18:37:06","slug":"arms-race-between-greece-and-turkey-a-markov-switching-approach","status":"publish","type":"post","link":"https:\/\/www.arcadeproject.gr\/?p=328","title":{"rendered":"Arms race between Greece and Turkey: a Markov switching approach"},"content":{"rendered":"<div class=\"taxonomy-post_tag wp-block-post-terms\"><span class=\"wp-block-post-terms__prefix\">Tags: <\/span><a href=\"https:\/\/www.arcadeproject.gr\/?tag=arms-race\" rel=\"tag\">ARMS RACE<\/a><span class=\"wp-block-post-terms__separator\">, <\/span><a href=\"https:\/\/www.arcadeproject.gr\/?tag=greece\" rel=\"tag\">GREECE<\/a><span class=\"wp-block-post-terms__separator\">, <\/span><a href=\"https:\/\/www.arcadeproject.gr\/?tag=markov-switching\" rel=\"tag\">MARKOV SWITCHING<\/a><span class=\"wp-block-post-terms__separator\">, <\/span><a href=\"https:\/\/www.arcadeproject.gr\/?tag=quantitative-methods\" rel=\"tag\">QUANTITATIVE METHODS<\/a><span class=\"wp-block-post-terms__separator\">, <\/span><a href=\"https:\/\/www.arcadeproject.gr\/?tag=turkey\" rel=\"tag\">TURKEY<\/a><\/div>\n\n<div class=\"taxonomy-category wp-block-post-terms\"><span class=\"wp-block-post-terms__prefix\">Literature Groups: <\/span><a href=\"https:\/\/www.arcadeproject.gr\/?cat=11\" rel=\"tag\">CONFLICT PROCESSES ANALYSIS<\/a><span class=\"wp-block-post-terms__separator\">, <\/span><a href=\"https:\/\/www.arcadeproject.gr\/?cat=12\" rel=\"tag\">QUANTITATIVE METHODS<\/a><\/div>\n\n\n<p><\/p>\n\n\n\n<p>Author: Hasan \u015eahin, Onur \u00d6zoy<\/p>\n\n\n\n<p>Publisher\/Publication: Defence and Peace Economics<\/p>\n\n\n\n<p>Volume\/Issue: 19 (3) <\/p>\n\n\n\n<p>DOI\/ISBN: 10.1080\/10242690801972154<\/p>\n\n\n\n<p>Abstract: \u00a0The author in this paper investigates the existence and nature of an arms race between Greece and Turkey, two NATO allies and regional rivals. The author uses a Markov switching approach to model the military spending of both countries as a function of their own lagged spending and the spending of the other country. The model allows for different regimes of behavior, such as competition or independence, and tests for the presence and direction of causality. The results show that there is a positive and significant relation between the military spending of Greece and Turkey, and that both countries switch between competitive and independent regimes over time. He also find that Turkey is more responsive to Greece\u2019s spending than vice versa, and that the arms race intensified after the end of the Cold War. Finally, the author discusses the implications of these findings for the regional security and stability. Part of the econometric school of study of the post-1945 Greek-Turkish military expenditure and possible arms racing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: Hasan \u015eahin, Onur \u00d6zoy<br \/>\nPublisher\/Publication: Defence and Peace Economics<br \/>\nVolume\/Issue: 19 (3)<br \/>\nDOI\/ISBN: 10.1080\/10242690801972154<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","footnotes":""},"categories":[11,12],"tags":[110,75,166,145,69],"class_list":["post-328","post","type-post","status-publish","format-standard","hentry","category-conflict-processes-analysis","category-quantitative-methods","tag-arms-race","tag-greece","tag-markov-switching","tag-quantitative-methods","tag-turkey"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"sow-carousel-default":false,"sow-blog-portfolio":false,"sow-blog-grid":false,"sow-blog-alternate":false},"uagb_author_info":{"display_name":"Arcade Team","author_link":"https:\/\/www.arcadeproject.gr\/?author=1"},"uagb_comment_info":0,"uagb_excerpt":"Author: Hasan \u015eahin, Onur \u00d6zoy Publisher\/Publication: Defence and Peace Economics Volume\/Issue: 19 (3) DOI\/ISBN: 10.1080\/10242690801972154","_links":{"self":[{"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=\/wp\/v2\/posts\/328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=328"}],"version-history":[{"count":1,"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=\/wp\/v2\/posts\/328\/revisions"}],"predecessor-version":[{"id":329,"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=\/wp\/v2\/posts\/328\/revisions\/329"}],"wp:attachment":[{"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arcadeproject.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}