Martin, S. (ed.), The Economics of Offsets: Defence Procurement and Countertrade, (Reading: Harwood Academic Publishers), 1996, pp. xi, 417.

The build-up of US military forces in the early 1980s was controversial. Critics charged that the expenditures were made without the benefit of a strategy for how best to use the increased resources and that defense procurements were wasteful. For a time, Secretary Weinberger's administration of...

The “policy of grandeur” was one of the main characteristics of French policy since Louis XIV. After World War II, France became a more modest State, but with de Gaulle and the Fifth Republic a new form of “policy of grandeur” was developed, based on nuclear deterrence, the importance of...

For a three-sector Feder-Ram framework, we present time-series, cross-sectional estimates for two cohorts, consisting of Asian and Latin American countries. The estimates indicate that private investment, and defense and non-defense public spending are growth promoting for alternative error...

This paper models and estimates Greek defence spending over the 1950-1989 period. It employs the Stone-Geary welfare function and estimates levels of defence expenditures by the Engle-Granger two-step procedure. The Dickey-Fuller test regression for cointegration is specified in terms of the...

Since 1945 the UK has changed from Great Power to leading nation status. The stylised facts are outlined and the determinants of UK defence spending are analysed using social welfare and public choice models. The military criteria for leading nation status are considered and the costs of such...