The demand for military spending in Latin American countries

dc.creatorKollias, Christos
dc.creatorPaleologou, Suzanna-Maria
dc.creatorTzeremes, Panayiotis
dc.creatorTzeremes, Nickolaos
dc.date2019-05-21T20:13:18Z
dc.date2019-05-21T20:13:18Z
dc.date2018-10-05
dc.date.accessioned2023-07-21T16:39:25Z
dc.date.available2023-07-21T16:39:25Z
dc.identifier2196-436X
dc.identifierhttp://hdl.handle.net/11651/3221
dc.identifierEn: Latin American Economic Review, volumen 27, número 1, octubre de 2018
dc.identifierhttps://doi.org/10.1186/s40503-018-0059-8
dc.identifierhttps://link.springer.com/article/10.1186/s40503-018-0059-8
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/7733289
dc.descriptionLatin America, military spending, quantile regression
dc.descriptionThe allocation of resources to defence and national security is influenced by several factors, both domestic and external. Empirical findings suggest that military spending is determined by economic, strategic, political, and security factors. Studies that estimate demand functions for such budgetary outlays focus either on individual country case studies or on groups of countries that share some similar traits and characteristics or belong to the same geopolitical region. This paper, using a panel of 12 Latin American countries and quantile regression analysis, estimates the demand for military expenditure over the 1965–2015 period. Results reported herein indicate that such spending has been driven by both domestic and external factors. The former include the economy as well as the political characteristics of the government as these are quantified by the Polity index of democracy. Intrastate conflict that has plagued many Latin American countries also emerges as a strong driving force in the allocation of resources to defence. Military spending by neighbouring countries with common borders emerges as the external strategic determinant that affects the demand for defence expenditures.
dc.formatapplication/PDF
dc.formatapplication/pdf
dc.languageeng
dc.publisherCentro de Investigación y Docencia Económicas
dc.relationLatin American Economic Review, volumen 27, número 1, octubre de 2018
dc.relationhttps://www.sipri.org/databases/milex
dc.relationhttp://www.systemicpeace.org/polityproject.html
dc.relationhttps://data.worldbank.org/indicator
dc.relationhttps://www.unodc.org/unodc/en/data-and-analysis/statistics/index.html
dc.rightsLa revista Latin American Economic Review autoriza a poner en acceso abierto de conformidad con las licencias CREATIVE COMMONS, aprobadas por el Consejo Académico Administrativo del CIDE, las cuales establecen los parámetros de difusión de las obras con fines no comerciales. Lo anterior sin perjuicio de los derechos morales que corresponden a los autores.
dc.rightsCreative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 International CC BY-NC-ND
dc.source2196-436X
dc.titleThe demand for military spending in Latin American countries
dc.typeArtículo


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