Defence Budgets in the Post-Cold War Era: A Spatial Econometrics Approach

Karl Skogstad

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the determinants of national defence budgets in the post-Cold War era using a spatial econometric framework. Using data for 124 countries over a 16 year time period, I examine spatial relationships in defence spending to investigate how countries account for the military spending of other countries when setting their budgets. Using specially developed weighting matrices, the regression results indicate that defence budgets are positively spatially correlated. These results provide support for the use of "external" factors when examining defence budgets over this time period. The importance of a country's spatial location when setting its budget is further examined through the identification of regions of high and low defence spending.

Keywords: Defence Budgets; Spatial; External Factors (search for similar items in EconPapers)
JEL-codes: F52 H56 (search for similar items in EconPapers)
Date: 2015-01-09
New Economics Papers: this item is included in nep-pbe and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Defence budgets in the post-Cold War era: a spatial econometrics approach (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:61465

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