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Re-examination of the Convergence in Military Expenditures across NATO Countries: Do Different Approximations in Modeling Structural Breaks Matter?
(Re-examination of the Convergence in Military Expenditures across NATO Countries: Do Different Approximations in Modeling Structural Breaks Matter?, 2021)The goal of this paper is to investigate whether the ratio of military expenditures to GDP converged across 27 NATO countries for the period 1993-2018 within the scope of stochastic convergence analysis. For this purpose, ...