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Optimal Versus Required Defence Spending

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Listed:
  • ANDREOU, ANDREAS
  • PARSOPOULOS, KONSTANTINE
  • VRACHATIS, MICHAEL
  • Zombanakis, George A.

Abstract

The recent rescheduling of the Turkish long-term defence procurement programmes following the economic crisis in the country and the reaction of the Greek authorities to reduce their own by about 25% has become the subject of extensive discussions. The issues involved in such discussions concern the possibility of a causal relationship between the developments in the two countries and the extent to which the two sides entangled, for ages now, in an expensive arms race, can afford a reduction of their defence expenditure. This leads to the next question, which involves the calculation of an “optimal” defence burden providing for maximum security in the face of an outside threat bounded by the constraints imposed by the economy.

Suggested Citation

  • ANDREOU, ANDREAS & PARSOPOULOS, KONSTANTINE & VRACHATIS, MICHAEL & Zombanakis, George A., 2003. "Optimal Versus Required Defence Spending," MPRA Paper 78663, University Library of Munich, Germany, revised 14 Jul 2003.
    • Handle: RePEc:pra:mprapa:78663
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Optimisation; Defence Expenditure; Arms Race;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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