This paper analyses the military expenditures in Italy over the period 1988--2008. The estimation of a conventional model of military expenditure shows that the choices of military expenditure by Italian governments are influenced by US and, to a lesser extent, the other NATO countries' defence...

Finmeccanica is the eighth largest arms manufacturer on a world scale. The article explains and discusses its recent evolution. In particular, we discuss the broader privatisation programme implemented by the government as a response to the 1992 financial crisis. Finally, we will present our...