Determinants of southeast asian military spending in the post-cold war era: a dynamic panel analysis

Yu Wang

Defence and Peace Economics, 2013, vol. 24, issue 1, 73-87

Abstract: This study examines the demand of military expenditure among Southeast Asian countries since the end of the Cold War. By using a dynamic panel approach, I find that military spending in the region has been jointly determined by economic, strategic and socio-political factors. In particular, surging foreign debt burdens and the rise of China -- two regional issues that gained prominence in the post-Cold War period -- show their significance as determinants along with other generalist variables. The results therefore ask for the development of even-handed and region-sensitive approaches to studying military build-up in the region of Southeast Asia.

Date: 2013
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DOI: 10.1080/10242694.2012.656944

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