The Arms Trade: Security and Conflict (Routledge Studies in by Paul Levine

By Paul Levine

The palms is a space that's of big difficulty to many folks all over the world. The economics of this highly vital are an important strand that should be understood. This quantity brings jointly members from everywhere in the globe, equivalent to Todd Sandler and Keith Hartley, and specializes in the real matters surrounding the hands alternate such as:*the determinants folks army expenditure*alliance formation and expansion*new demanding situations to export controlsThis well-rounded, complete booklet might be of big curiosity to scholars and lecturers inquisitive about the economics of defence, in addition to extra common reviews of the defence undefined. The e-book can also be a useful learn for people with an curiosity within the fingers reminiscent of policy-makers and company managers.

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Extra resources for The Arms Trade: Security and Conflict (Routledge Studies in Defenseeconomics, 5)

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3 The drastic increase in the number of arms producers is explained, in part, by the break-up of the Soviet Union and east, southeast, and central European states. For example, instead of the Soviet Union being a single arms producer we now have nine. They are, in alphabetical order, Belarus, Estonia, Kazakstan, Kyrgyzstan, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. Similarly, instead of Czechoslovakia there are now two arms producers: the Czech Republic and Slovakia. e. 4 The seeming proliferation of arms producers occurs for two main reasons: (a) the break-up of the Soviet realm created many more countries; and (b) many of these new countries are now classified as “developing” countries but were not so classified in the Wulf (1983) and Brauer (1991) studies.

The unadjusted elasticity (the estimated coefficient on output) is greater for defence equipment than for other MoD purchases suggesting that, if anything, defence firms are more responsive to market signals than their civilian counterparts! Similarly, the true, adjusted employment elasticity ( = 1/α) is also greater for defence equipment than for other MoD purchases. Unlike Eq. (2a), the dummy variable in Eq. (4) is not significantly different from zero. This is to be anticipated as the introduction of a more competitive approach to MoD procurement is only likely to have affected those goods and services that had hitherto been purchased via non-competitive contracts.

1996) A case study of redundant defence workers. Defence and Peace Economics 7(2), 149–167. , Braddon, D. and Dowdall, P. (1996) Defence Industry Redundancies in the South West Region. Report for Department of Employment, Centre for Defence Economics, York. , Sen, S. and Smith, R. (1994) A model of the international arms market. Defence and Peace Economics 5(1), 1–18. , Mouzakis, F. and Smith, R. (1998) Prices and quantities in the arms trade. Defence and Peace Economics 9(3), 223–236. Martin, S.

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