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Domestic Procurement, Subsidies, and the Arms Trade

Maria Carmen Garcia-Alonso and Paul Levine ()

Chapter 7 in Arming the South, 2002, pp 161-191 from Palgrave Macmillan

Abstract: Abstract The end of the cold war led to a precipitous drop in the world arms trade. The real volume of the arms trade reached a peak in 1984, fell for two years, rose in 1987, and then declined by over two-thirds up to 1993. World arms sales agreements also declined substantially from a peak of $69.8 billion in 1985 to $38.0 billion (US ACDA, 1995). However, from 1992 to 1993 arms sales agreements rose in nominal terms.

Keywords: Utility Function; Domestic Market; Export Market; Supply Curve; Export Price (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50125-6_8

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DOI: 10.1057/9780230501256_8

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