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The demand for military spending in the peripheral economies of Europe |
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| Authors: | J Paul Dunne Eftychia Nikolaidou Nikolaos Mylonidis |
| Institution: | 1. School of Economics , University of the West of England , Frenchay Campus, Bristol, Coldharbour Lane, Bristol, BS16 1QY, UK;2. School of Economics , University of Cape Town;3. CITY College , Affiliated College of the University of Sheffield, Department of Business Administration &4. Economics , 13, Tsimiski, St., Thessaloniki, 546 24, Greece;5. Department of Economics , University of Ioannina , Ioannina, 45 110, Greece |
| Abstract: | Research on the factors that determine the level of military expenditure or military burden in countries, suggest that the dynamics of the determinants of military spending will be best understood by case studies of individual countries and studies of groups of relatively homogeneous countries. This paper provides a comparative analysis of three of the EU's peripheral economies - Greece, Portugal and Spain. A simple model based on a general theory of the demand for military spending provides the basis for an investigation of the relative importance of strategic and other social and economic factors for the three countries. |
| Keywords: | Military Expenditure Demand Peripheral Economies Time Series |