The demand for military spending in developing countries: A dynamic panel analysis

John Dunne and Samuel Perlo-Freeman

Defence and Peace Economics, 2003, vol. 14, issue 6, 461-474

Abstract: Estimating demand functions for developing countries before and after the end of the Cold War, Dunne and Perlo-Freeman (2003) found little evidence of any change in the underlying relationship. One concern with their analysis was that the use of cross-section averages might have obscured important time series effects. This paper deals with this issue by analysing their data using static and dynamic panel data methods. This produces evidence of a change in relationship and suggests that the focus in the literature on cross-section analyses has indeed limited our understanding of important dynamic processes at work within countries.

Keywords: Military Spending; Developing Countries; Demand (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (86)

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DOI: 10.1080/1024269032000085224

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