Variables/Regressions

15

16

17

18

19

20

21

Dependent Variables

Defense Expenses of Greece as a percent of its GDP

X

X

X

X

X

X

X

Independent Variables

Exports of Greece to Turkey

1.79e−06

(0.97)

Imports of Greece from Turkey

5.65e−06**

(2.02)

Bilateral Trade

−8.53e−07

(−0.34)

Greek FDI flows to Turkey

−3.15e−07

(−0.38)

Turkish FDI flows to Greece

0.0012012*

(2.89)

Exports of Greece as a percent of its GDP to Turkey

0.4738162

(1.00)

Exports of Turkey as a percent of its GDP to Greece

7.135252***

(3.86)

Constant

0.0215527***

(8.23)

0.0191112***

(6.78)

0.0231108***

(10.52)

0.0274212***

(25.99)

0.0274163***

(52.19)

0.0212549***

(7.68)

0.011797***

(3.44)

Observations

36

36

36

10

5

36

36

Adjusted R-squared

−0.0016

0.0813

−0.0260

−0.1051

0.6481

0.0002

0.2843