The econometrics of arms races
Smith, Ron P. and Dunne, J.P. and Nikolaidou, E. (2000) The econometrics of arms races. Defence and Peace Economics 11 (1), pp. 31-43. ISSN 1024-2694.
Abstract
There is now a large empirical literature on estimating arms races. This paper surveys some of the econometric issues involved in estimating action‐reaction models of such races. Starting from the traditional Richardson model, it examines issues of identification, specification, and the role of expectations and structural stability. This is done both for the case where the variables are stationary and where they may be I(1) and cointegrated.
Metadata
Item Type: | Article |
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School: | School of Business, Economics & Informatics > Economics, Mathematics and Statistics |
Depositing User: | Sarah Hall |
Date Deposited: | 03 Nov 2020 18:48 |
Last Modified: | 30 Nov 2021 15:24 |
URI: | https://eprints.bbk.ac.uk/id/eprint/41129 |
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