Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/9751
DC FieldValueLanguage
dc.contributor.authorAndreou, Andreas S.-
dc.contributor.authorZombanakis, George A.-
dc.contributor.authorMigiakis, Petros M.-
dc.date.accessioned2017-02-17T10:06:11Z-
dc.date.available2017-02-17T10:06:11Z-
dc.date.issued2013-12-01-
dc.identifier.citationPeace Economics, Peace Science and Public Policy, 2013, vol. 19, no. 3, pp. 437-458en_US
dc.identifier.issn1554-8597-
dc.description.abstractThis paper aims at contributing a literature update by assessing the impact of policies focusing on defence-procurement spending on the growth rate of the Greek economy with special reference to the recent crisis environment using artificial neural networks. The main conclusion drawn in the case of the Greek economy in general and during austerity times in particular, is that defence-procurement policy is considerably inflexible concerning both increases and reductions. In fact any further decreases will have a direct impact on the security of the country given the dramatic reduction of the defence budget and the arms race against Turkey. By contrast, any increases will only burden the balance of payments without adding to the GDP, once the bulk of the defence equipment is imported due to the inefficiency of the domestic defence industrial base. A compromise, therefore, between security and austerity would call for a gradual shift towards domestic sources procurement, assuming, of course, considerable upgrading of the Hellenic defence industrial base.en_US
dc.formatpdfen_US
dc.language.isoenen_US
dc.relation.ispartofPeace Economics, Peace Science and Public Policyen_US
dc.rights© Walter de Gruyter Berlin Bostonen_US
dc.subjectDebten_US
dc.subjectDefence expenditureen_US
dc.subjectEconomic growthen_US
dc.titleOn defence expenditure reduction: Balancing between austerity and security in Greeceen_US
dc.typeArticleen_US
dc.collaborationCyprus University of Technologyen_US
dc.collaborationBank of Greeceen_US
dc.subject.categoryElectrical Engineering - Electronic Engineering - Information Engineeringen_US
dc.journalsSubscriptionen_US
dc.countryCyprusen_US
dc.countryGreeceen_US
dc.subject.fieldEngineering and Technologyen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1515/peps-2013-0030en_US
dc.relation.issue3en_US
dc.relation.volume19en_US
cut.common.academicyear2013-2014en_US
dc.identifier.spage437en_US
dc.identifier.epage458en_US
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.fulltextNo Fulltext-
item.languageiso639-1en-
item.cerifentitytypePublications-
item.openairetypearticle-
crisitem.journal.journalissn1554-8597-
crisitem.journal.publisherDe Gruyter-
crisitem.author.deptDepartment of Electrical Engineering, Computer Engineering and Informatics-
crisitem.author.facultyFaculty of Engineering and Technology-
crisitem.author.orcid0000-0001-7104-2097-
crisitem.author.parentorgFaculty of Engineering and Technology-
Appears in Collections:Δημοσιεύσεις σε συνέδρια /Conference papers or poster or presentation
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