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The demand for military spending in developing countries: A dynamic panel analysis

Dunne, J. Paul; Perlo-Freeman, Sam

Authors

J. Paul Dunne

Sam Perlo-Freeman



Abstract

Estimating demand functions for developing countries before and after the end of the Cold War, Dunne and PerloFreeman (2003) found little evidence of any change in the underlying relationship. One concern with their analysis was that the use of cross-section averages might have obscured important time series effects. This paper deals with this issue by analysing their data using static and dynamic panel data methods. This produces evidence of a change in relationship and suggests that the focus in the literature on cross-section analyses has indeed limited our understanding of important dynamic processes at work within countries.

Citation

Dunne, J. P., & Perlo-Freeman, S. (2003). The demand for military spending in developing countries: A dynamic panel analysis. Defence and Peace Economics, 14(6), 461-474. https://doi.org/10.1080/1024269032000085224

Journal Article Type Conference Paper
Publication Date Jan 1, 2003
Journal Defence and Peace Economics
Print ISSN 1024-2694
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Volume 14
Issue 6
Pages 461-474
DOI https://doi.org/10.1080/1024269032000085224
Keywords military spending, developing countries
Public URL https://uwe-repository.worktribe.com/output/1066479
Publisher URL http://dx.doi.org/10.1080/1024269032000085224

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