The South Asian region has witnessed a high level of insecurity ever since the region became independent from colonial rule. This condition has persisted even after the end of the cold war. Our paper looks at the Indian threat perceptions, the Indian responses to such threat perceptions, and,...

A plethora of arguments from the 'public choice school' suggest that public goods are 'under-supplied' by comparison with public sector provision of more private goods. The implication is that rent seeking by the 'military-industrial complex' serves, in some measure, to offset potential...

The production of weapons in less industrialized countries (LIC) grew rapidly from the 1960s to the mid-1980s when it began to stagnate. The trend is not universal, however, with drastic declines in countries in Africa and Latin America and stagnation or even growth in countries in Asia....

This paper discusses the current state of Pakistan's defense industry and its potential. Like most of the developing Third World countries, Pakistan also has a number of weapons production and related R&D facilities. The defense industrial infrastructure was considered necessary to maintain an...

Considered here is an arms race in which weapons production exhibits increasing returns to scale technology that stems from the increasing importance of information, electronics, computers, software, etc. in modern weapons systems. Just as in general equilibrium theory, increasing returns to...

This paper proposes a new approach to the analysis of the military expenditure - growth nexus, applied to the case of India. Military expenditure has, first, a direct impact on the central government budgetary decisions, with a variety of crowding-out effects on other public spending. Second,...

This paper presents a model of subsidized military production that examines the relationship between domestic procurement and arms exports. Weapon producers satisfy the defence procurement in their own country and compete in prices in the international market where weapons are imperfect...

In previous empirical work, the basis for the proposition that democratic countries do not fight each other has been a single equation regression of hostility on democracy and other variables. This approach is misleading for two reasons. First, peace and democracy are part of a simultaneous...

Within the EU France devotes to defence the largest financial and human resources although it is not the richest country, nor has it the largest population or labour force. The cost of nuclear weapons accounts for only a small fraction of this abnormally high French defence effort. If France had...

The spread of missile technology combined with nuclear weapons is dangerous to world peace. In order to stop this transfer, the Missile Technology Control Regime (MTCR) was formed in 1987. The control mechanism of the MTCR is explained, and characteristics and limits of the regime are analyzed....