An Empirical Analysis of the Arms Race Between South and North Korea |
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Authors: | Jun Sik Bae |
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Affiliation: | Department of Economics and Related Studies , University of York , Heslington , York , YO10 5DD , UK |
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Abstract: | This study analyses an arms race between South and North Korea over the period 1963–2000. Despite the strategic importance of the Korean Peninsula, the arms race between South and North Korea has rarely been studied. In this study, the South–North arms race is empirically estimated using Richardson’s action–reaction model. The pattern of South–North arms race between the Cold War (1963–1989) and the post‐Cold War eras (1990–2000) as well as the existence of an arms race is examined comparing both countries’ defence spending, number of military personnel and tactical aircraft. |
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Keywords: | Arms race Defence spending the Cold War The Post‐Cold War South Korea North Korea |
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