The demand for military expenditure in developing countries: Hostility versus capability

Dunne, J. P., Perlo-Freeman, S. and Smith, R. (2008) The demand for military expenditure in developing countries: Hostility versus capability. Defence and Peace Economics, 19 (4). pp. 293-302. ISSN 1024-2694

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Publisher's URL: http://dx.doi.org/10.1080/10242690802166566

Abstract

This paper has considers the interpretation of the empirical results of the developing literature on the demand for military spending that specifies a general model with arms race and spillover effects and estimates it on cross-section and panel data. It questions whether it is meaningful to talk of an ‘arms race’ in panel data or cross-section data, and suggests that it may be more appropriate to talk about the relevant variables – aggregate military spending of the ‘Security Web’ (i.e. all neighbours and other security-influencing powers) and the aggregate military spending of ‘Potential Enemies’– as acting as proxies for threat perceptions, which will reflect both hostility and capability.

Item Type:Article
Uncontrolled Keywords:military spending, developing countries, demand
Faculty/Department:Faculty of Business and Law > Department of Accounting, Economics and Finance
ID Code:12445
Deposited By: Professor J. Dunne
Deposited On:06 Jan 2011 10:15
Last Modified:12 Aug 2013 21:55

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