The demand for military expenditure

Ron Smith

Chapter 04 in Handbook of Defense Economics, 1995, vol. 1, pp 69-87 from Elsevier

Abstract: This chapter provides an analytical survey of models explaining the level of military expenditure, emphasizing empirical econometric models based on optimizing behavior. After setting out the standard neo-classical model in which nation states are represented as rational agents maximizing a welfare function depending on security and economic variables subject to a budget constraint, the chapter considers: criticisms of this model, alternative theoretical specifications, data and measurement issues, alternative econometric approaches and reviews selected studies.

Downloads: (external link)
http://www.sciencedi ... 62c84e950ad03d0232a8
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this chapter

More chapters in Handbook of Defense Economics from Elsevier
Series data maintained by Heidi Boesdal ().