Author: Christos G. Kollias
Publisher/Publication: Spoudai
Volume/Issue: 41 (1)
DOI/ISBN:
Abstract: The author uses multiple regression analysis to test whether the Richardson arms race model can help explain changes in Greek military spending vis-à-vis Turkey and the ongoing friction between them. The results suggest that the model cannot capture the extent to which Greek military spending is affected by the perceived threat to its national interests from Turkey. The model does not allow for the strategic environment and its dynamic changes that can affect the decisions of a given country and the principles on which such decisions are made by military planners. Furthermore, the model does not adequately capture the degree of threat, threat to which countries are likely to react by adjusting not only the level but also the content of their defense spending accordingly. Part of the econometric school of study of the post-1945 Greek-Turkish military expenditure and possible arms racing.