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    Is there an arms race between Greece and Turkey?

    Dunne, J.P. and Nikolaidou, E. and Smith, Ron P. (2005) Is there an arms race between Greece and Turkey? Peace Economics, Peace Science, and Public Policy 11 (2), pp. 1-37. ISSN 1554-8597.

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    Richardson's action-reaction model of an arms race has prompted a considerable body of research that has attempted to empirically estimate such models. In general these attempts have been unsuccessful. This paper provides an extensive reconsideration of the estimation issues and using some recent developments in time-series econometrics, provides a comprehensive analysis of data for Greece and Turkey. It finds evidence of some form of cointegration between the military expenditures in both countries, but not of Richardson arms race type.


    Item Type: Article
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Sarah Hall
    Date Deposited: 03 Nov 2020 14:47
    Last Modified: 02 Aug 2023 18:05


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