The Evolving Balance of Power between Greece and Türkiye

The theory of the balance of power has garnered substantial attention within the discipline of international relations. This study applies the theory to two states in the Eastern Mediterranean region: Greece and Türkiye. Military expenditures, gross domestic product (GDP), and population size are employed as indicators to empirically test the balance of power hypothesis. Additionally, Granger causality tests are conducted to examine whether the accumulation of (military) power by one state elicits a corresponding response from the other. The analysis utilizes data spanning a seventy-year period. The results indicate that the hypothesis of a balance of power between Greece and Türkiye cannot be rejected. Keywords: Balance of Power, Greece, Türkiye, Military Spending, Population, Gross Domestic Product (GDP)