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Weaponomics : the global market for assault rifles

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  • Killicoat, Phillip
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    Abstract

    This paper introduces the first effort to quantitatively document the small arms market by collating field reports and journalist accounts to produce a cross-country time-series price index of Kalashnikov assault rifles. A model of the small arms market is developed and empirically estimated to identify the key determinants of assault rifle prices. Variables which proxy the effective height of trade barriers for illicit trade are consistently significant in determining weapon price variation. When controlling for other factors, the collapse of the Soviet Union does not have as large an impact on weapon prices as is generally believed.

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    Bibliographic Info

    Paper provided by The World Bank in its series Policy Research Working Paper Series with number 4202.

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    Date of creation: 01 Apr 2007
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    Handle: RePEc:wbk:wbrwps:4202

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    Related research

    Keywords: Markets and Market Access; Peace&Peacekeeping; Economic Theory&Research; Access to Markets; Governance Indicators;

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    1. Paul Collier & Anke Hoeffler, 2004. "Greed and Grievance in Civil War," Development and Comp Systems 0409007, EconWPA.
    2. Brauer, Jurgen, 2007. "Arms Industries, Arms Trade, and Developing Countries," Handbook of Defense Economics, Elsevier.
    3. Fajnzylber, Pablo & Lederman, Daniel & Loayza, Norman, 2002. "What causes violent crime?," European Economic Review, Elsevier, vol. 46(7), pages 1323-1357, July.
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