The econometrics of arms races
AbstractThere is now a large empirical literature on estimating arms races. This paper surveys some of the econometric issues involved in estimating action-reaction models of such races. Starting from the traditional Richardson model, it examines issues of identification, specification, and the role of expectations and structural stability. This is done both for the case where the variables are stationary and where they may be I(1) and cointegrated.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Defence and Peace Economics.
Volume (Year): 11 (2000)
Issue (Month): 1 ()
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- Aamer S. Abu-Qarn & Suleiman Abu-Bader, 2008.
"On The Dynamics Of The Israeli-Arab Arms Race,"
0809, Ben-Gurion University of the Negev, Department of Economics.
- Nadir Ocal, 2003. "Are the military expenditures of India and Pakistan external determinants for each other: An empirical investigation," Defence and Peace Economics, Taylor and Francis Journals, vol. 14(2), pages 141-149.
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- Christos Kollias & Suzanna-Maria Paleologou, 2002. "Is there a Greek-Turkish arms race? Some further empirical results from causality tests," Defence and Peace Economics, Taylor and Francis Journals, vol. 13(4), pages 321-328.
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