THE DEMAND FOR MILITARY EXPENDITURE IN DEVELOPING COUNTRIES: HOSTILITY VERSUS CAPABILITY

John Dunne, Samuel Perlo-Freeman and Ronald Smith

Defence and Peace Economics, 2008, vol. 19, issue 4, 293-302

Abstract: 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.

Keywords: Military spending; Developing countries; Demand (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (49)

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Working Paper: The Demand for Military Expenditure in Developing Countries: Hostility versus Capability (2007)
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DOI: 10.1080/10242690802166566

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