 Economic, Security, and Political Determinants of Military Spending in NATO CountriesJakub Odehnal and Jiří Neubauer Defence and Peace Economics, 2020, vol. 31, issue 5, 517-531 Abstract: The article deals with an empirical investigation of the determinants of military expenditures of selected NATO countries. Economic, security, and political determinants were analysed by means of panel models. In order to analyse the economic environment as a determinant of military expenditure, the following variables were applied: Risk of Budget Balance, Risk of Foreign Debt, Risk of Inflation, Risk of GDP per Capita, Risk of GDP Growth, and a control variable, Risk of Current Account as a percentage of GDP. The following variables were employed for the security risk analysis: Terrorism, Cross Border Conflict, Ethnic Tension, and Foreign Pressures. A variable evaluating the Democratic Accountability and a control variable Government Stability were selected to analyse political risks. The results show serious inconsistencies in factors affecting the military expenditures of traditional and new NATO member countries. Date: 2020 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:defpea:v:31:y:2020:i:5:p:517-531 Ordering information: This journal article can be ordered from DOI: 10.1080/10242694.2018.1544440 Access Statistics for this article Defence and Peace Economics is currently edited by Professor Keith Hartley More articles in Defence and Peace Economics from Taylor & Francis Journals |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.