The Demand for Military Expenditure in Developing Countries: Hostility versus Capability

John Dunne, Samuel Perlo-Freeman and Ronald Smith

No 707, Working Papers from Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol

Abstract: This paper has 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 spillover 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)
JEL-codes: C33 H56 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2007-06
New Economics Papers: this item is included in nep-dev and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://carecon.org.uk/DPs/0707.pdf First version, 2007 (application/pdf)

Related works:
Journal Article: THE DEMAND FOR MILITARY EXPENDITURE IN DEVELOPING COUNTRIES: HOSTILITY VERSUS CAPABILITY (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:uwe:wpaper:0707

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