Defence and Peace Economics

Journal description

Current impact factor: 0.40

Impact Factor Rankings

Additional details

5-year impact 0.54
Cited half-life 6.50
Immediacy index 0.30
Eigenfactor 0.00
Article influence 0.28
ISSN 1476-8267

Publications in this journal

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    ABSTRACT: An extensive literature on the effect of military expenditures on economic growth yields conflicting results. However, a crucial issue that has not been investigated in this context is the possible effect of inequality. The impact of military expenditures on economic growth in Turkey has also received substantial attention. Yet, the majority of these studies are not constructed based on a structural model, but rather examine the causality between the variables in question. Considering these two shortcomings in the literature and the lack of consistent results, this study attempts to provide further evidence for the relationship between military expenditures and economic growth for the case of Turkey by considering income inequality within an augmented Solow growth model. Our findings for the 1963–2008 period show that while income inequality has a positive impact on economic growth, military expenditures have no significant effect.
    Defence and Peace Economics 06/2014;
  • Defence and Peace Economics 01/2013;
  • Defence and Peace Economics 12/2012;
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    ABSTRACT: In this study, we empirically investigate the long-run relationships between education–health expenditures, defence expenditures and economic growth in Turkey by using annual time-series data for the time period 1950–2005. To estimate these relationships, we use the cointegration method, which allows for the existence of structural breaks. The results show that there are two cointegrating vectors in the system with statistically significant structural breaks. According to the identified long-run equations, education and health expenditures affect economic growth positively, while defence expenditures have negative effects. In addition, the results show that there is a budgetary trade-off between education–health and defence expenditures.
    Defence and Peace Economics 12/2012;
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    ABSTRACT: This article empirically explores the relationship between military expenditure, external debts and economic performance in the economies of sub-Saharan Africa using a sample of 25 countries from 1988–2007. In investigating the defence–external debt nexus, we employ three advanced panel techniques of fully modified OLS (FMOLS), Dynamic OLS (DOLS) and dynamic fixed effect (DFE) to estimate our model. We observe that military expenditure has a positive and significant impact on external debt in African countries. Real GDP affects the total debt stock of African countries with a negative relationship. Our empirical results based on long-run elasticities show that a 1% rise in national output leads to a decline in external debt by 1.52%, on average. Policy-wise, the study suggests that African countries need to strengthen areas of fiscal responsibility and pursue models that encourage rational spending, particularly reductions in military expenditure.
    Defence and Peace Economics 10/2012;
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    ABSTRACT: This article presents a dynamic model in which counterterrorism policies have the potential to generate positive public support for terrorism via a backlash that may fuel terror recruitment. For an optimizing government aiming at maximizing security, this phenomenon produces a natural bound on proactive counterterror policy that is related to the dynamic path of conflict. Moreover, terror is a persistent phenomenon that requires patience on the part of the target government for optimal counterterror policies to be realized. Finally, the potential for backlash yields insights into the need for target governments to fight an information war to change public opinion regarding its own policies and the ultimate effect of terror attacks.
    Defence and Peace Economics 10/2012; 23(5):431-445.
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    ABSTRACT: In our original comment, we showed that Hausken’s characterization of Nash equilibrium is invalid for much of the parameter space examined and provided necessary conditions for his solution to hold. Most of the comments in his reply are either tangential or irrelevant. However, several of the claims made in the reply reveal continuing misunderstandings and gaps in his understanding. In this rejoinder, we briefly clarify the fundamental issues.
    Defence and Peace Economics 10/2012;
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    ABSTRACT: When military alliances are expensive, they naturally raise distributional issues. This article considers two theories to explain how much a state will voluntarily contribute to the economic burdens of defense. Empirical work has relied largely on data from the twentieth century. This article provides an out-of-sample test to evaluate the models. Using data on the Quintuple Alliance, the results are more consistent with the predictions of the joint products model than the pure public goods model. Due to credible commitment problems, and intra-alliance cleavages, I argue that we should not expect substantial free riding in most conventional military alliances.
    Defence and Peace Economics 08/2012; 23(4):321-330.
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    ABSTRACT: BAE Systems is the UK’s largest defence and security firm and one of the world’s major arms companies. It has changed from a state-owned aerospace firm to a privatised specialist defence company involved in a range of air, land, sea and cyber systems with a major presence in the US defence market. This article describes and assesses the history of the company, its organization, conduct and performance.Editor’s Note: This is the first of a new series of company surveys which describe the evolution and performance of the world’s major defence companies and other important defence companies which might be less well-known. Authors are invited to submit outline proposals (one page) for company surveys to the Editors.
    Defence and Peace Economics 08/2012;
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    ABSTRACT: Do American troops help or hinder economic growth in other countries? We consider a newly constructed dataset of the deployment of U.S. troops over the years 1950–2000 and discover a positive relationship between deployed troops and host country economic growth, which is robust to multiple control variables. Each tenfold increase in U.S. troops is associated with a one–third percentage point increase in average host country annual growth. We explore three possible causal explanations: a Keynesian aggregate demand boost; the diffusion of institutions; and security. Extensive econometric testing, including the use of panel data, confirms the core relationship.
    Defence and Peace Economics 06/2012; 23(3):225-249.
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    ABSTRACT: This paper examines the relationship between defence spending and income inequality in Turkey for the period of 1963–2007. Using the Theil Index of pay inequality as a proxy of overall income distribution, this study overcomes the problem of lack of time series data. Utilizing basic cointegration and causality tests, the paper aims to add to the literature by providing evidence that defence spending has an impact on income inequality for the case of Turkey.
    Defence and Peace Economics 06/2012; 23(3):289-301.
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    ABSTRACT: This paper provides a theoretical analysis of suicide attacks and defection. First, decision processes of potential attackers are examined from an economist’s perspective. The results are then applied to insights from behavioural economics and psychology. We derive conditions under which agents decide to become suicide bombers—or to announce an attack and defect later. Taking account of hyperbolic discounting we show why the decision to commit a suicide attack can be time-inconsistent and what internal manipulation mechanisms (arising from cognitive dissonance and terror management) and external manipulation mechanisms (employed by terrorist organizations and governments) might prevent or foster time-inconsistency.
    Defence and Peace Economics 06/2012; 23(3):251-272.
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    ABSTRACT: A growing number of NATO countries suspended compulsory military service during the past decade or are now phasing it out, moving to an All Volunteer Force (AVF). An AVF can free resources available for investment in up‐to‐date equipments, thus improving operational capabilities. Our paper investigates shifts in NATO military expenditure shares on personnel, equipment, infrastructure and other costs over the period 1970–2008 and explores the impact of the transition to AVFs on these shares of the defence budget. Results suggest that while the end of conscription did not reduce the share of spending on personnel, NATO forces are increasingly less reliant on soldiers and more on capital.
    Defence and Peace Economics 06/2012; 23(3):273-288.
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    ABSTRACT: This article presents the results of an empirical survey of Slovenian defence enterprises focusing on three segmented geographic market outlets: the domestic market, the other European Union (EU-26) markets and the global markets. In the enterprise surveys are included around two-thirds of the domestic defence enterprises of different sizes and activities. The Slovenian defence enterprises by production, supply-in-return, subcontracting, middleman and trader activities in the defence marketing chains are mostly specializing towards the businesses on the domestic market. Rare enterprises are specialized exclusively for activities on the EU-26 markets and the global markets.
    Defence and Peace Economics 06/2012; 23(3):313-320.
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    ABSTRACT: We analyze how the determinants of the civil conflict in Colombia at the municipal level respond to changes in the empirical strategy. We estimate several econometric models that vary in three dimensions: 1) the data set, 2) the measure of conflict, and 3) the estimation method. We find substantial differences in the signs and statistical significance of the marginal effects in response to using a different data set, changing the definition of conflict, and employing different empirical methodologies.
    Defence and Peace Economics 04/2012; 23(2):109-131.