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Determinants of military expenditure and the role of globalisation in a cross-country analysis

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  • Sakiru Adebola Solarin

Abstract

Anecdotal evidence offers conflicting views on the impact of globalisation on military expenditure. We contribute to the existing literature by investigating the effect of globalisation on military expenditure in 82 countries for the period, 1989–2012. After introducing economic and strategic variables into the model, we utilise the dynamic panel generalised method of moments system to estimate the relationship in the variables. The empirical findings reveal that globalisation reduces both military burden and real military expenditure. The findings are consistent, irrespective of the globalisation indicator adopted. The policy implications of the results are explained.

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  • Sakiru Adebola Solarin, 2018. "Determinants of military expenditure and the role of globalisation in a cross-country analysis," Defence and Peace Economics, Taylor & Francis Journals, vol. 29(7), pages 853-870, November.
  • Handle: RePEc:taf:defpea:v:29:y:2018:i:7:p:853-870
    DOI: 10.1080/10242694.2017.1309259
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    Cited by:

    1. Saba Charles Shaaba & Ngepah Nicholas, 2020. "Military expenditure and security outcome convergence in African regional economic communities: evidence from the convergence club algorithm," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 26(1), pages 1-28, February.

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