Economics at your fingertips  

Converging Allies?

Paschalis Arvanitidis, Christos Kollias and Messis Petros
Additional contact information
Messis Petros: Department of Finance and Accounting, University of Macedonia, Thessaloniki, Greece

Peace Economics, Peace Science, and Public Policy, 2017, vol. 23, issue 2, 15

Abstract: In the relevant literature, policy convergence is broadly defined as the gradual process through which countries acquire similar traits in terms of one or more policy characteristics such as objectives, inputs, instruments, outputs. Within the broader policy convergence discourse, this paper empirically investigates the presence of a defence policy convergence in the NATO alliance. Defence spending expressed as a share of GDP represents the resources countries allocate to the production of military capabilities and is adopted as the variable through which the question at hand is examined. In broad terms, results reported herein from β and σ-convergence methodologies as well as from Markov chains, suggest the presence of a defence policy convergence process.

Keywords: NATO; convergence; military alliances; defence spending (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (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

DOI: 10.1515/peps-2016-0044

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 2022-06-08
Handle: RePEc:bpj:pepspp:v:23:y:2017:i:2:p:15:n:2