Citation

Ward MD, Park KY. Defence economics 1991; 2(2): 135-150.

Copyright

(Copyright © 1991, Informa - Taylor and Francis Group)

DOI

10.1080/10430719108404686

PMID

unavailable

Abstract

A continuous time model of the military competition between North and South Korea is developed and tested using data from 1960-1987. Several policy simulations are explored using this model. We find that there is considerable potential for moderate defence reductions on the peninsula. However, a strong South Korean economy is likely to accommodate real increases in both military and private consumption.