GDP per capita of Turkey/GDP per capita of Greece

5084.369

(1.60)

Total Reserves of Turkey/Total Reserves of Greece

98.26759***

(3.70)

Exports as a percent of GDP of Turkey/Exports as a percent of GDP of Greece

2960.107***

(3.24)

Balance of Trade of Turkey/Balance of Trade of Greece

39.7149 (0.23)

Defense Expenditure of Turkey/Defense Expenditure of Greece

690.4042

(1.34)

Debt as a percent of GDP of Turkey/Debt as a percent of GDP of Greece

−1070.829

(−0.37)

Unemployment of Turkey/ Unemployment of Greece

913.6199

(0.89)

Market Cap as a percent of GDP of Turkey/Market Cap as a percent of GDP of Greece

−953.2711

(−1.75)

Market Cap of Turkey/Market Cap of Greece

−281.4201

(−1.69)

FDI (Net Inflows) as a percent of GDP of Turkey/FDI (Net Inflows) as a percent of GDP of Greece

0.4049899

(0.29)

Defense Expenses as a percent of GDP of Turkey/Defense Expenses as a percent of GDP of Greece

−536.2677

(−0.33)

Constant

−24.27878

(−0.04)

1514.027***

(5.71)

−66.5802

(−0.07)

787.7294

(2.73)

−1381.906*

(−1.53)

1400.18***

(4.40)

508.4002

(0.48)

2468.661 (2.72)

1211.803

(1.27)

3768.297***

(6.09)

3562.345***

(6.65)

1482.483***

(5,47)

2428.896 (1.38)

Observations

36

35

36

36

35

35

28

6

24

15

15

35

28

Adjusted R−squared

0.1189

−0.0275

0.0427

0.2664

0.2179

−0.0286

0.0284

−0.2077

−0.0091

0.1276

0.1176

−0.0276

−0.0342

Variables/ Regressions

14

15

16

17

18

19

20

21

22

23

24

25

26

Dependent Variables

Violations of Greek Airspace

X

X

X

X

X

X

X

X

X

X

X

X

X

Independent Variables

GDP of Turkey/GDP of Greece

242.8392 (0.290)

GDP growth of Turkey/GDP growth of Greece

−8.671979

(−0.28)

GDP per capita of Turkey/GDP per capita of Greece

1065.203 (0.56)

Total Reserves of Turkey/Total Reserves of Greece

34.60163*

(1.97)

Exports as a percent of GDP of Turkey/Exports as a percent of GDP of Greece

2233.314***

(2.89)

Balance of Trade of Turkey/Balance of Trade of Greece

30.07679

(0.28)

Defense Expenditure of Turkey/Defense Expenditure of Greece

291.7782

(0.96)

Debt as a percent of GDP of Turkey/Debt as a percent of GDP of Greece

−294.8382

(−0.10)

Unemployment of Turkey/ Unemployment of Greece

547.7131

(0.92)

Market Cap as a percent of GDP of Turkey/Market Cap as a percent of GDP of Greece

−556.4894

(−1.54)

Market Cap of Turkey/Market Cap of Greece

−167.066

(−1.52)

FDI (Net Inflows) as a percent of GDP of Turkey/FDI (Net Inflows) as a percent of GDP of Greece

−0.0275064

(−0.03)