Economics of arms trade
In: Handbook of Defense Economics
The end of the Cold War has increased the relative importance of economic causes and consequences of arms transfers. Unfortunately, there is surprisingly little theoretical and empirical development of the economics of arms trade, making it a sub-field of defense economics ripe for foundational contributions. We offer some preliminary steps in this direction by applying simple international trade models to the arms trade.Fields other than economics have made major contributions to our understanding of arms transfers. We review the sub-literature on arms transfers and foreign policy leverage as well as the sub-literature on the relationship between arms trade and war.The central problem of the arms trade literature, for both economists and geopolitical scientists, is how to go beyond the proliferation of (albeit useful) policy position articles, to a more solid base of theoretical and empirical models. A new theoretical synthesis of economics and geopolitics would represent a major breakthrough, but the development of the economics of arms trade must move beyond its incipient stages for this synthesis to occur. Ultimately, it would be desirable to see theoretical and empirical work on the arms trade, narrow the range of outcomes which are regarded as plausible.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
|This chapter was published in: ||This item is provided by Elsevier in its series Handbook of Defense Economics with number
1-18.||Handle:|| RePEc:eee:hdechp:1-18||Contact details of provider:|| Web page: http://www.elsevier.com/wps/find/bookseriesdescription.cws_home/BS_HE/description|
When requesting a correction, please mention this item's handle: RePEc:eee:hdechp:1-18. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.