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Citation |
Gadea MD, Pardos E, Pérez-Forniés C. Def. Peace Econ. 2004; 15(3): 231-249. |
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Copyright |
(Copyright © 2004, Informa - Taylor and Francis Group) |
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DOI |
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PMID |
unavailable |
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Abstract |
This paper analyses the long-run demand for defence output through a homogeneous treatment of 15 NATO member countries between 1960 and 1999. We carry out a progressive study of the interactions between either defence spending or defence burden and their main determinants: income, external threat and allied military spending. To that end, we use time-series analysis with endogenously determined structural breaks. We further consider individual country functions related to one another through a common correlated effects method, in order to take into account explicitly the connections between members of an alliance. |