Divergence and club convergence in NATO

This study examines whether there is convergence in military expenditures among NATO countries by using Philips and Sul (Econometrica 75:1771–1855, 2007) convergence methodology. We obtained the primary dataset of 27 NATO member countries between 2009 and 2021 for their military expenditures to acco...

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Bibliographic Details
Published in:	Empirical economics 2024-03, Vol.66 (3), p.1013-1035
Main Author:	Kutuk, Yasin
Format:	Article
Language:	eng
Subjects:	Clubs Convergence Datasets Defense Defense spending Econometrics Economic growth Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Expenditures Finance GDP Gross Domestic Product Insurance Management Statistics for Business Trends
Online Access:	Get full text
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Summary:	This study examines whether there is convergence in military expenditures among NATO countries by using Philips and Sul (Econometrica 75:1771–1855, 2007) convergence methodology. We obtained the primary dataset of 27 NATO member countries between 2009 and 2021 for their military expenditures to accomplish this. The results show no convergence between the military expenditures of NATO member states. In addition, although these 27 member countries are divergent, the analysis also identified three convergent clubs among NATO members with exciting patterns and trends in their military expenditures.
ISSN:	0377-7332 1435-8921