The issue that this paper tackles is the assessment of the relative security benefits that Cyprus and Greece derive in the context of their cooperation on defence matters. This form of cooperation, known as the 'Integrated Defence Space Doctrine', aims at defending their interests in the Aegean...

This paper analyses the long-run demand for defence output through a homogeneous treatment of 15 NATO member countries between 1960 and 1999. We carry out a progressive study of the interactions between either defence spending or defence burden and their main determinants: income, external...

This paper empirically investigates the importance of financial and political variables in determining debt rescheduling probabilities in Turkey for 1955-2000. The problem of sovereign debt default and rescheduling has been the subject of substantial academic research during the last two...

This paper models the interactions between the defense needs of the USA and Western Europe, which produce several heterogeneous defense goods, and the defense industry market structure. The results show that net defense costs of the USA and Europe are lower when the number of defense firms in...

Why should deployment affect re-enlistment? In our model, members enter the military with naive beliefs about deployment and use actual deployment experience to update their beliefs and revise their expected utility of re-enlisting. Empirically, re-enlistment is related to the type and number of...

This paper offers the personal view of a senior executive in the Defence Procurement Agency about the future requirements of the defence industry's principal UK customer. The focus here is on trying to identify the type of corporate behaviour and range of skill sets that the UK Government will...

This paper notes that the outcome of military operations is determined largely by the relative performance of the equipment deployed by rival forces. In this competitive situation, the performance and unit cost of key weapon systems tend to increase rapidly and persistently. Furthermore,...

The causal relationship between economic growth and defence spending has attracted considerable attention and has been the subject of many empirical studies. Hoping to contribute to the existing pool of literature, this paper examines the relationship between military expenditure and growth in...

This paper investigates a series of unit root, cointegration and causality tests to ascertain the direction of causality between the growth of GNP and defence expenditure in Turkey for the years 1955-2000. The main conclusion is that there is a long-run equilibrium relationship between GNP and...

This paper revisits the NATO burden sharing debate with particular emphasis on the use of non-parametric tests that measure the equality of relative benefits and burdens. While the joint product model makes a compelling case for the equality of benefits and burdens in NATO after 1967 (as a...