Random coefficients models of arms imports.
Full text is not in this repository.
This item is available in the Library Catalogue
This paper uses a large panel of data with up to 19 time-series observations for almost 150 countries to estimate models of arms imports. Qualitative evidence suggests a non-linear relationship. As income and military expenditure grow, the propensity to import first rises and then falls as a domestic arms industry develops. We face the difficulty that there is virtually no data on domestic arms procurement or production capability. We respond to this difficulty by adopting a random coefficient approach in order to identify any systematic influences on import propensity, through the impact of military expenditure, size of the armed forces or income on unobserved domestic production capability. While a clear non-linear pattern is apparent in the cross-section relationship, once one allows for parameter heterogeneity such a pattern is not apparent in the time-series.
|Research Areas:||A. Middlesex University Schools and Centres > School of Science and Technology > Design Engineering and Mathematics|
|Citations on ISI Web of Science:||0|
|Deposited On:||17 Mar 2010 08:33|
|Last Modified:||02 Dec 2014 15:20|
Repository staff only: item control page
Full text downloads (NB count will be zero if no full text documents are attached to the record)
Downloads per month over the past year