Do North American Countries Dominate the Conflict in World?evidence From Benoit Hypothesis

In recent years, it has been observed that the scope of globalization has increased the need for security as well as the world borders removed. The fact that countries are rapidly developing their defense industries shows that they consider this situation normal. The validity of the Benoit Hypothesis, which emphasizes that increases in defense expenditures will positively affect economic growth, was discussed for the period 1988-2022, and an interregional analysis was made in this study. Evidence supporting the Benoit Hypothesis has been obtained only in the USA, which allocates the highest share to defense expenditures. According to the findings, growth is not affected when defense expenditures are increased, but economic growth decreases when defense expenditures are reduced. The results obtained in this study, which includes interregional analysis, provide comprehensive information and it is thought that country groups that make defense expenditures in order to generate income from the defense industry have emerged and this will provide important evidence in world politics.