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Author Collier, Paul

Title Military expenditure : threats, aid, and arms races / Paul Collier and Anke Hoeffler
Published Washington, D.C. : World Bank, Development Research Group, [2002]


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. 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
Developing countries -- Military policy
Developing countries -- Armed Forces -- Appropriations and expenditures
Developing countries
Form Electronic book
Author Hoeffler, Anke
World Bank. Development Research Group.
LC no. 2002618213