Dunne, J.P. and Perlo-Freeman, S. and Smith, Ron P. (2008) The demand for military expenditure in developing countries: hostility versus capability. Defence and Peace Economics 19 (4), pp. 293-302. ISSN 1024-2694.Full text not available from this repository.
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.
|Keyword(s) / Subject(s):||Military spending, developing countries, demand|
|School or Research Centre:||Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Economics, Mathematics and Statistics|
|Date Deposited:||26 Jan 2011 16:16|
|Last Modified:||17 Apr 2013 12:18|
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