The Determinants of Military Expenditure in Asia and Oceania, 1992-2016: A Dynamic Panel Analysis

dc.contributor.authorHou, Dongfang
dc.contributor.utdAuthorHou, Dongfang
dc.date.accessioned2019-08-30T17:12:06Z
dc.date.available2019-08-30T17:12:06Z
dc.date.created2018-09-06
dc.descriptionFull text access from Treasures at UT Dallas is restricted to current UTD affiliates (use the provided Link to Article).
dc.description.abstractUsing a dynamic panel approach, this article examines the determinants of military expenditures for 29 Asian and Oceanian countries during 1992-2016. A two-step difference-GMM estimator is applied. Both the impact of Chinese and US military expenditure on sample countries' military budgets are considered. Results show that sample countries do not respond to Chinese military expenditure; however, these countries respond to US military expenditure. Moreover, lagged military expenditure, GDP, population, and trade openness are important determinants of military spending, while wars and regime type are not. ©2018 Walter de Gruyter GmbH, Berlin/Boston 2018.
dc.description.departmentSchool of Economic, Political and Policy Studies
dc.identifier.bibliographicCitationHou, D.. 2018. "The Determinants of Military Expenditure in Asia and Oceania, 1992-2016: A Dynamic Panel Analysis." Peace Economics, Peace Science and Public Policy 24(3): art. 20180004, doi:10.1515/peps-2018-0004
dc.identifier.issn1079-2457
dc.identifier.urihttps://hdl.handle.net/10735.1/6819
dc.language.isoen
dc.publisherDe Gruyter
dc.relation.urihttp://dx.doi.org/10.1515/peps-2018-0004
dc.rights©2018 Walter de Gruyter GmbH
dc.source.journalPeace Economics, Peace Science and Public Policy
dc.subjectAsia
dc.subjectChina
dc.subjectMilitary spending
dc.subjectGross domestic product
dc.subjectInternational trade
dc.subjectWar
dc.titleThe Determinants of Military Expenditure in Asia and Oceania, 1992-2016: A Dynamic Panel Analysis
dc.type.genrearticle

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