This article presents estimates of demand functions for arms imports for a panel of 52 countries, 1981–99, where there are non-zero observations for both the main measures, WMEAT and SIPRI. In principle, the WMEAT series is a value measure, while the SIPRI series is a volume measure, thus...

Quantitative methods are an important component of peace research, since many of the issues addressed are inherently quantitative - the frequency and intensity of conflict, or the determination of military expenditures, for instance. This article argues that quantitative peace research could be...

The international trade in arms has an important economic dimension which this paper attempts to examine. After reviewing the evolution of demand and supply, the implications of the current market structure for price and revenue are examined. This suggests that, in purely commercial terms, the...

Despite intensive investigation, little evidence has been found for a traditional Richardson-style arms race between Greece and Turkey using regression methods. This article uses an alternative model of the arms race, which treats it as a simple repeated two-by-two game such as the Prisoner's...

The changing strategic climate in Europe has led to considerable speculation about major cuts in military spending. This paper examines the economic implications of such reductions in military spending for the UK. The international economic and strategic context is discussed and then a...