The traditional view of the defence industry obtaining large profits from contracts with the Ministry of Defence relies on several assumptions. Among these are the use of such arrangements as an instrument of industrial policy, the strong market power enjoyed by prime contractors, and the...

The present article aims at investigating the causal relationship between defense spending and terrorism in Turkey using the Autoregressive Distributed Lag (ARDL) bounds testing procedure and Granger-causality analysis. The findings reveal that there exists a unidirectional causality running...

The Junior Reserve Officers' Training Corps is a high school program that combines classroom teaching with extracurricular activities. The program is located primarily in inner city schools and serves at-risk students. Its goals are multidimensional and include military preparation and improving...

This paper estimates a structural vector autoregression to assess the empirical effects of terrorism on output and prices in Israel. Long-run restrictions are used to interpret the effects in terms of aggregate demand and supply curves. The responses indicate that the immediate effects of...

In this paper we explore the patterns of interactions between military expenditure shares in the MENA region over the period 1979-2007. We explore whether there are latent common factors that impact on the military expenditures of 15 countries in the MENA region and whether these factors can be...

Manning difficulties and retention of skilled personnel is a timely issue in the British armed forces, and especially in the all-volunteer Royal Navy. Allied with difficulties of matching personnel numbers and posts, significant skill mismatches can take a long time to eradicate, with obvious...

This paper investigates the labor market responses to conflict and labor market disruptions in the West Bank and Gaza Strip. From 1987 to 1995 the West Bank and Gaza Strip witnessed an increase in instability as political conflict disrupted the economy. This paper finds that disruptions later in...

The UK defence economy has some distinctive features. Its Armed Forces have a worldwide capability reflected in modern air, land and sea forces with an expeditionary role. Its world role is further reflected in a nuclear capability and a high technology defence industrial base, substantial...

This paper revisits the defence-growth nexus for the rivals of the Israeli-Arab conflict over the last four decades. To this end, we utilize the Toda and Yamamoto (1995) causality test and the generalized variance decomposition. Contrary to the conventional wisdom and many earlier studies, we...

Empirical evidence on the effect of defense spending on US output is at best mixed. Against this backdrop, this paper assesses the impact of a positive defense spending shock on the growth rate of real GNP using a Factor Augmented Vector Autoregressive (FAVAR) model estimated with 116 variables...