Literature Groups: ACTION-REACTION MODELS, ARMS RACES, ECONOMETRIC ANALYSIS, ECONOMETRICS, RICHARDSON MODEL
Author: Ron P. Smith, Paul J. Dunne, Eftychia Nikolaidou
Publisher/Publication: Defence and Peace Economics
Volume/Issue: 11 (1)
DOI/ISBN: 10.1080/10430710008404937
Abstract: The authors in this paper examine the econometric issues that arise when estimating models of arms races. They discuss how to identify and specify these models, as well as the role of expectations and structural stability. The authors also explore how to estimate these models when the variables are stationary or non-stationary. Part of the econometric school of study of the post-1945 Greek-Turkish military expenditure and possible arms racing.