Military Expenditure: Threats, Aid, and Arms Races.
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 increa...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
World Bank
2002
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