J. Paul Dunne
The demand for military expenditure in developing countries: Hostility versus capability
Dunne, J. Paul; Smith, Ron P.; Perlo-Freeman, Sam
Authors
Ron P. Smith
Sam Perlo-Freeman
Abstract
This paper 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 spill-over 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.
Citation
Smith, R. P., Dunne, J. P., & Perlo-Freeman, S. (2008). The demand for military expenditure in developing countries: Hostility versus capability. Defence and Peace Economics, 19(4), 293-302. https://doi.org/10.1080/10242690802166566
Journal Article Type | Conference Paper |
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Publication Date | Aug 1, 2008 |
Publicly Available Date | Jun 8, 2019 |
Journal | Defence and Peace Economics |
Print ISSN | 1024-2694 |
Electronic ISSN | 1476-8267 |
Publisher | Taylor & Francis (Routledge) |
Peer Reviewed | Peer Reviewed |
Volume | 19 |
Issue | 4 |
Pages | 293-302 |
DOI | https://doi.org/10.1080/10242690802166566 |
Keywords | military spending, developing countries, demand |
Public URL | https://uwe-repository.worktribe.com/output/1013549 |
Publisher URL | http://dx.doi.org/10.1080/10242690802166566 |
Related Public URLs | http://carecon.org.uk/DPs/0707.pdf |
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