Dunne, J Paul; Perlo-Freeman, Sam; Smith, Ron P - Department of Accounting, Economics and Finance, … - 2009
This paper considers the determinants of military spending, building on an emerging literature that estimates military expenditure demand functions in cross-section and panel data, incorporating ‘arms-race’ type effects. It updates Dunne and Perlo-Freeman (2003b) using the SIPRI military...
