Title Military expenditure : threats, aid, and arms races / Paul Collier and Anke Hoeffler

Published Washington, D.C. : World Bank, Development Research Group, [2002]

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Description 1 online resource Series Policy research working paper ; 2927 Policy research working papers (Online) ; 2927. Summary Using global data for the period 1960-99, Collier and Hoeffler estimate neighborhood arms races. They find that the level of military expenditure is strongly influenced by the expenditure of neighbors. The authors estimate an "arms race multiplier," finding that an initial exogenous increase in military expenditure by one country is more than doubled in both the originating country and its neighbor. An implication is that military expenditure is, to an extent, a "regional public bad." Potentially, there is an offsetting public good effect if rebellions are deterred by military expenditure. However, instrumenting for military expenditure, the authors find no deterrence effect of military spending on the risk of internal conflict. So there appears to be no regional public good effect offsetting the public bad arising from a neighborhood arms race. This paper--a product of the Development Research Group--is part of a larger effort in the group to study the economics of conflict Analysis Banking, Finance, and Investment; Governance, Civil Society, and Participation; Public Policy Notes Title from title screen as viewed on November 20, 2002 "November 19, 2002." Bibliography Includes bibliographical references Notes Mode of access: World Wide Web Also available in print Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Subject Arms race -- Economic aspects Armed Forces -- Appropriations and expenditures Arms race -- Economic aspects Military policy SUBJECT Developing countries -- Military policy Developing countries -- Armed Forces -- Appropriations and expenditures Subject Developing countries Form Electronic book Author Hoeffler, Anke World Bank. Development Research Group. LC no. 2002618213

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