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Better is the Neighbor?

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  • Tie-Ying Liu
  • Chi-Wei Su
  • Ran Tao
  • Han Cong

Abstract

This study applies the Sequential Panel Selection Method (SPSM), to investigate the convergence properties of the military expenditure of the North Atlantic Treaty Organization (NATO) during the period of 1990–2015. Compared to the traditional methods, SPSM considers fundamentally general spatial homogeneous and heterogeneous relationships with countries and examines the evolution of military expenditure. We find that four-fifths of NATO member countries have been convergent with the UK, but no country’s military expenditure is convergent with the US. This means that there is no significant linkage effect in the US for NATO military expenditure. While they are allies of the US, the majority of NATO member countries’ military expenditures are consistent with UK military expenditure. The main reasons are due to the geographical space layout and the international relationship convergence. The results indicate that more than four-fifths of NATO member countries have been coordinated with convergence theory and spillover effect.

Suggested Citation

  • Tie-Ying Liu & Chi-Wei Su & Ran Tao & Han Cong, 2019. "Better is the Neighbor?," Defence and Peace Economics, Taylor & Francis Journals, vol. 30(6), pages 706-718, September.
    • Handle: RePEc:taf:defpea:v:30:y:2019:i:6:p:706-718
    DOI: 10.1080/10242694.2017.1422321
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    Cited by:

    1. Caruso Raul & Antonella Biscione, 2022. "Militarization and Income Inequality in European Countries (2000–2017)," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 28(3), pages 267-285, September.
    2. 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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