Variables/Regressions

8

9

10

11

12

13

14

Dependent Variables

Violations of Greek Airspace

X

X

X

X

X

X

X

Defense Expenses of Greece as a percent of its GDP

Independent Variables

Exports of Greece to Turkey

0.1368561

(1.06)

Imports of Greece from Turkey

0.4709908**

(2.39)

Bilateral Trade

−0.0665562

(−0.39)

Greek FDI flows to Turkey

−0.2286313

(−0.80)

Turkish FDI flows to Greece

35.08333

(0.63)

Exports of Greece as a percent of its GDP to Turkey

32878.4

(0.98)

Exports of Turkey as a percent of its GDP to Greece

589,567.9***

(4.33)