Economics at your fingertips  

Is there an Arms Race between Greece and Turkey?

John Dunne (), Eftychia Nikolaidou () and Ronald Smith ()

Peace Economics, Peace Science, and Public Policy, 2005, vol. 11, issue 2, 1-37

Abstract: Richardson's action-reaction model of an arms race has prompted a considerable body of research that has attempted to empirically estimate such models. In general these attempts have been unsuccessful. This paper provides an extensive reconsideration of the estimation issues and using some recent developments in time-series econometrics, provides a comprehensive analysis of data for Greece and Turkey. It finds evidence of some form of cointegration between the military expenditures in both countries, but not of Richardson arms race type.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed

Downloads: (external link) ... .1086.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

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

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Peace Economics, Peace Science, and Public Policy is currently edited by Raul Caruso

More articles in Peace Economics, Peace Science, and Public Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

Page updated 2019-06-22
Handle: RePEc:bpj:pepspp:v:11:y:2005:i:2:n:1