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The future of European defence policy: An economic perspective

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  • Keith Hartley

Abstract

European defence policy has been dominated by politics. This paper shows how economic principles can be used to derive guidelines for the formulation of European defence policy. The inefficiencies of the EU's existing defence arrangements are identified. It is shown that there is scope for efficiency improvements in the EU's Armed Forces and its defence industries.

Suggested Citation

  • Keith Hartley, 2003. "The future of European defence policy: An economic perspective," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(2), pages 107-115.
    • Handle: RePEc:taf:defpea:v:14:y:2003:i:2:p:107-115
    DOI: 10.1080/10242690302921
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    References listed on IDEAS

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    1. Sandler,Todd & Hartley,Keith, 1999. "The Political Economy of NATO," Cambridge Books, Cambridge University Press, number 9780521630931.
    2. Keith Hartley & Todd Sandler (ed.), 2001. "The Economics of Defence," Books, Edward Elgar Publishing, volume 0, number 1099.
    3. Sue Arrowsmith & Keith Hartley (ed.), 2002. "Public Procurement," Books, Edward Elgar Publishing, volume 0, number 1776.
    4. Marc Guyot & Radu Vranceanu, 2001. "European defence: The cost of partial integration," Defence and Peace Economics, Taylor & Francis Journals, vol. 12(2), pages 157-174.
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    Cited by:

    1. Christos Kollias & Suzanna‐Maria Paleologou, 2010. "Growth, investment and military expenditure in the European Union‐15," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 37(2), pages 228-240, May.
    2. ., 2014. "A company case study. BAE Systems: achievements, rivals and prospects," Chapters, in: The Political Economy of Aerospace Industries, chapter 8, pages 141-161, Edward Elgar Publishing.
    3. Pieroni, Luca & d'Agostino, Giorgio & Lorusso, Marco, 2008. "Can we declare military Keynesianism dead?," Journal of Policy Modeling, Elsevier, vol. 30(5), pages 675-691.
    4. ?ukasz Maculewicz, 2018. "Main Directions of Development in the Defence Industry Sector in the Aspect of Globalization," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 8(1), pages 145-155.
    5. Jean Belin & Marianne Guille, 2008. "Defence and firm financial structure in France," Review of Financial Economics, John Wiley & Sons, vol. 17(1), pages 46-61.
    6. Raaj Kishore Biswas & Enamul Kabir & Refat Bin Reza Rafi, 2019. "Investment in Research and Development Compared to Military Expenditure: Is Research Worthwhile?," Defence and Peace Economics, Taylor & Francis Journals, vol. 30(7), pages 846-857, November.
    7. Emmanouil Economou & Nicholas Kyriazis & Theodore Metaxas, 2015. "The institutional and economic foundations of regional proto-federations," Economics of Governance, Springer, vol. 16(3), pages 251-271, August.
    8. Besancenot, Damien & Vranceanu, Radu, 2005. "Le financement public du secteur de la défense, une source d'inefficacité," ESSEC Working Papers DR 05008, ESSEC Research Center, ESSEC Business School.
    9. Damien Besancenot & Radu Vranceanu, 2006. "European Defence Firms: The Information Barrier On Private Finance," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(1), pages 23-36.
    10. Jean Belin & Marianne Guille, 2008. "R&D et innovation en France : quel financement pour les entreprises de la Défense ?," Innovations, De Boeck Université, vol. 0(2), pages 33-59.
    11. Mert Topcu & Ilhan Aras, 2015. "Defense spending and economic growth: Extended empirical analysis for the European Union," Defence and Peace Economics, Taylor & Francis Journals, vol. 26(2), pages 233-246, April.
    12. João Carlos Gonçalves dos Reis, 2021. "Politics, Power, and Influence: Defense Industries in the Post-Cold War," Social Sciences, MDPI, vol. 10(1), pages 1-14, January.
    13. Christos Kollias & Nikolaos Mylonidis & Suzanna-Maria Paleologou, 2007. "A Panel Data Analysis Of The Nexus Between Defence Spending And Growth In The European Union," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(1), pages 75-85.
    14. Kollias, Christos & Manolas, George & Paleologou, Suzanna-Maria, 2004. "Defence expenditure and economic growth in the European Union: A causality analysis," Journal of Policy Modeling, Elsevier, vol. 26(5), pages 553-569, July.
    15. Emmanouil M. L. Economou & Nicholas C. Kyriazis, 2016. "The Achaeans and the Europeans: An Interdisciplinary Comparison of Federations," International Journal of Social Science Research, Macrothink Institute, vol. 4(2), pages 8-23, September.
    16. Michail Ploumis, 2017. "Hellenic Defence Industrial Base in the Era of Economic Crisis," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 15(2), pages 103-125.

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