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    Centrality in trade networks and investment in security

    Bove, V. and Elia, L. and Pelliccia, Marco (2016) Centrality in trade networks and investment in security. Peace Economics, Peace Science and Public Policy 22 (1), pp. 27-39. ISSN 1079-2457.

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    Abstract

    The contemporary empirical literature on military spending has focused on institutional and conflict factors, and although has acknowledged the role of trade openness, it has not taken into account the position of a state in the trade network. Building on the concept of network centrality, we claim that the structure of trade networks affects the optimal investment in security, and that a country’s level of military spending is a function of its strategic position in the global network of a critical commodity, such as oil. Our empirical results show that network centrality constrains military spending.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): military spending, trade, network
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Administrator
    Date Deposited: 21 Jun 2016 11:14
    Last Modified: 21 Jun 2016 11:14
    URI: http://eprints.bbk.ac.uk/id/eprint/15595

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