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.

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Official URL: https://doi.org/10.1080/10430710008404937

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
School:	Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
Depositing User:	Sarah Hall
Date Deposited:	03 Nov 2020 18:48
Last Modified:	02 Aug 2023 18:05
URI:	https://eprints.bbk.ac.uk/id/eprint/41129

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