The Gravity of Arms
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INVESTIGACIONMetadata
Title
The Gravity of ArmsDate
2018-05Publisher
Taylor & FrancisBibliographic citation
MARTÍNEZ ZARZOSO, Inmaculada; JOHANNSEN, Florian. (2017). The Gravity of Arms. Defence and Peace Economics (on line)Type
info:eu-repo/semantics/articlePublisher version
https://www.tandfonline.com/doi/full/10.1080/10242694.2017.1324722Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
1
The
Gravity of Arms
Abstract
The aim of this paper is to investigate the determinants of international arms transfers
in a gravity
model framework
.
By distinguishing between the decision to export ... [+]
1
The
Gravity of Arms
Abstract
The aim of this paper is to investigate the determinants of international arms transfers
in a gravity
model framework
.
By distinguishing between the decision to export arms (extensive margin) and
the value of the arms exported (intensive margin), while also considering its interdependence, is
what differentiates this paper from
previous research
.
A
theoretically
-
justified
gravity model of
trade augmented with political
and security motives
is estimated using a two
-
stage panel data
approach for 104 exporting countries over the period from 1950 to 2007.
In addition to the usual
gravity variables related to the economic mass
of the trading countries and the trade cost factors, the
model is extended with political and security factors.
T
he level of democracy in both trading
partners
,
political differences between trading partners and
voting similarity with the
United States
in
the
UN
General Assembly
of the countries engaged in trade
are the main political factors
,
whereas the existence of
conflicts,
military
pacts and embargoes are taken as security motives
. The
key
result indicates that
both
political
and security motives
are an
important determinant of
an
arms
trade
, but
their effects on the extensive margin of exports (the decision to order a transfer) differs
from their effect on the intensive margin (average value of exports)
. Moreover
,
the relative
importance of the fa
ctors under study has changed since 1989
.
In
the
post
-
Cold
War period
,
countries
that are less democratic
are more likely to export arms
, military pacts are less relevant and
embargoes play a
role
. [-]
Is part of
Defence and Peace Economics (2017)Investigation project
This work was supported by Spanish Ministry of Economy and Competitiveness [ECO2014-58991-C3-2-R].Rights
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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- ECO_Articles [696]