An Empirical Analysis of the Arms Race Between South and North Korea

Jun Sik Bae

Defence and Peace Economics, 2004, vol. 15, issue 4, 379-392

Abstract: This study analyses an arms race between South and North Korea over the period 1963-2000. Despite the strategic importance of the Korean Peninsula, the arms race between South and North Korea has rarely been studied. In this study, the South-North arms race is empirically estimated using Richardson's action-reaction model. The pattern of South-North arms race between the Cold War (1963-1989) and the post-Cold War eras (1990-2000) as well as the existence of an arms race is examined comparing both countries' defence spending, number of military personnel and tactical aircraft.

Keywords: Arms race; Defence spending; the Cold War; The Post-Cold War; South Korea; North Korea (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1080/1024269032000155785

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