This study revisits the relationship between defence spending and economic growth via a Keynesian model in Pakistan using the autoregressive distributive lag bounds testing approach to cointegration. Empirical evidence suggests a stable cointegration relationship between defence spending and...

This study examines the demand of military expenditure among Southeast Asian countries since the end of the Cold War. By using a dynamic panel approach, I find that military spending in the region has been jointly determined by economic, strategic and socio-political factors. In particular,...

In this article, the economic impact of diminishing levels of uncertainty on investment, as a result of conflict resolution processes, is tested by means of a case study on a European region largely affected by political violence. For this purpose, the response of Basque investment during...

Investments in R&D constitute a major share of the expenditures of the hi-tech industry since, generally, they enable firms to successfully compete in the rapidly and constantly changing markets for hi-tech products and services. The role of R&D projects is particularly important in the areas of...

This paper examines the impact of military spending on general government debt in the enlarged European Union (EU) countries. For this purpose, we use panel data analysis and provide estimates from a dynamic Generalized Method of Moments (GMM) panel model. The dynamics are found to be important...

The Royal Navy (RN) is striving to achieve the right manpower mix through improved retention levels. This paper analyses the ratings' exit patterns from the RN using a hazard regression framework. We hypothesise that similar to civilian workers, job transition decisions of the RN ratings are...

A growing body of literature has recently focused on the economic origins and consequences of modern maritime piracy and on the perception that the international community has failed to control it. This paper aims to investigate maritime transport costs as one of the channels through which...

This study uses for official use only data on US military operations to evaluate the large-scale Army policies to replace relatively light Type 1 tactical wheeled vehicles (TWVs) with more heavily protected Type 2 variants and later to replace Type 2s with more heavily protected Type 3s. We find...

This study reinvestigates the effect of defence spending on economic growth using Zivot and Andrews and Lee and Strazicich, structural unit root tests and the autoregressive distributed lag bounds testing approach to cointegration in augmented version of Keynesian model for India. Study...

'Greed' vs. 'grievance' is weighed using a generally applicable methodology as motivations in the American War of Independence. Greed is quantified as the expected economic benefit of Independence -- escaping colonial trade burdens and expected increased economic growth rates. Grievance is...