Working paper
Military Expenditure: Threats, Aid, and Arms Races.
- Abstract:
-
Using global data for the period 1960-99, Collier and Hoeffler estimate neighborhood arms races. They find that the level of military expenditure is strongly influenced by the expenditure of neighbors. The authors estimate an 'arms race multiplier,' finding that an initial exogenous increase in military expenditure by one country is more than doubled in both the originating country and its neighbor. An implication is that military expenditure is, to an extent, a 'regional public bad.' Potenti...
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Bibliographic Details
- Publisher:
- World Bank
- Volume:
- 2927
- Series:
- Policy Research Working Paper Series
- Host title:
- The World Bank, Policy Research Working Paper Series
- Publication date:
- 2002-01-01
- Paper number:
- 2927
Item Description
- Language:
- English
- UUID:
-
uuid:1c5e7f8f-154f-4f3a-b08b-5151d8717fc3
- Local pid:
- oai:economics.ouls.ox.ac.uk:12057
- Deposit date:
- 2011-08-16
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- Copyright date:
- 2002
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