IDEAS home Printed from https://ideas.repec.org/a/bla/apacel/v8y1994i1p27-47.html
   My bibliography  Save this article

Military Expenditure and the Arms Trade in the Asian‐Pacific Region

Author

Listed:
  • Hadi Soesastro

Abstract

The trend towards further reductions in world military expenditure does not seem to be shared by most Asian‐Pacific countries. Military expenditure in the region continues to expand, but the military burden (the proportion of military expenditure in GDP) and the military share (the share of military expenditure in central government expenditure) are declining in most Asian‐Pacific countries. This is largely due to sustained high economic growth in the region. Thus far, the military burden has not had an adverse effect on the region's economic growth, but continued expansion of military expenditure is not sustainable in countries where the military share is high. Asian‐Pacific countries are vigorously developing, modernizing and upgrading their indigenous arms production capabilities. This effort has been aided not only by the availability of financial resources but also by the changing nature of the international arms market that offers attractive package deals, including various licensing, co‐production and offset manufacturing arrangements.

Suggested Citation

  • Hadi Soesastro, 1994. "Military Expenditure and the Arms Trade in the Asian‐Pacific Region," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 8(1), pages 27-47, May.
    • Handle: RePEc:bla:apacel:v:8:y:1994:i:1:p:27-47
    DOI: 10.1111/j.1467-8411.1994.tb00124.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8411.1994.tb00124.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-8411.1994.tb00124.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Deger, Saadet & Sen, Somnath, 1990. "Military Expenditure: The Political Economy of International Security," OUP Catalogue, Oxford University Press, number 9780198291411.
    2. Lamb, G. & Kallab, V., 1992. "Military Expenditure and Economic Development; A Symposium on Research Issues," World Bank - Discussion Papers 185, World Bank.
    3. Mr. Jerald A Schiff & Mr. Tamim Bayoumi & Mr. Daniel P. Hewitt, 1993. "Economic Consequences of Lower Military Spending: Some Simulation Results," IMF Working Papers 1993/017, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Omar, Ayman M.A. & Lambe, Brendan J & Wisniewski, Tomasz Piotr, 2021. "Perceptions of the threat to national security and the stock market," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 504-522.
    2. Denis Larocque & Genevieve Lincourt & Michel Normandin, 2010. "Macroeconomic Effects Of Terrorist Shocks In Israel," Defence and Peace Economics, Taylor & Francis Journals, vol. 21(4), pages 317-336.
    3. Tal Sadeh, 2011. "Hard Currencies For Hard Times. Terror Attacks And The Choice Of Monetary Anchors," Defence and Peace Economics, Taylor & Francis Journals, vol. 22(4), pages 367-392, June.
    4. Oya Erdogdu, 2008. "Political Decisions, Defense And Growth," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(1), pages 27-35.
    5. Randa Alami, 2002. "Military Debt: Perspectives from the Experience of Arab Countries," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(1), pages 13-30.
    6. Waqar Qureshi & Noor Pio Khan, 2017. "Revisiting the Relationship between Military Expenditure and Economic Growth in Pakistan," Global Social Sciences Review, Humanity Only, vol. 2(1), pages 18-46, June.
    7. Gupta, Sanjeev & Clements, Benedict & Bhattacharya, Rina & Chakravarti, Shamit, 2004. "Fiscal consequences of armed conflict and terrorism in low- and middle-income countries," European Journal of Political Economy, Elsevier, vol. 20(2), pages 403-421, June.
    8. Mete Feridun & Muhammad Shahbaz, 2010. "Fighting Terrorism: Are Military Measures Effective? Empirical Evidence From Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 21(2), pages 193-205.
    9. Jun Sik Bae, 2003. "Country survey XVIII: The two Koreas' defence economy," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(1), pages 61-83.
    10. Isiaka Akande Raifu & Alarudeen Aminu, 2023. "The effect of military spending on economic growth in MENA: evidence from method of moments quantile regression," Future Business Journal, Springer, vol. 9(1), pages 1-21, December.
    11. Jacques Fontanel, 1991. "L’économie de la défense, un domaine de réflexion négligé par les économistes français," Post-Print hal-02942501, HAL.
    12. Mohsen Bahmani-Oskooee & Gour Goswami, 2006. "Military spending and the black market premium in developing countries," Review of Social Economy, Taylor & Francis Journals, vol. 64(1), pages 77-91.
    13. Itay Ringel & Asher Tishler, 2011. "The Government Budget Allocation Process and National Security: An Application to the Israeli–Syrian Arms Race," Chapters, in: Derek L. Braddon & Keith Hartley (ed.), Handbook on the Economics of Conflict, chapter 6, Edward Elgar Publishing.
    14. José Pedro Pontes & Armando J. Garcia Pires, 2020. "(De) industrialization in the Von Thünen’s economy," Working Papers REM 2020/0141, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    15. Rukhsana Kalim & Muhammad Shahid Hassan, 2014. "Public Defense Spending and Poverty in Pakistan," Hacienda Pública Española / Review of Public Economics, IEF, vol. 211(4), pages 93-115, December.
    16. Jacques Fontanel, 1991. "The economic significance of military expenditure and the economic impact of disarmament," Working Papers hal-02960094, HAL.
    17. Boyce, James K., 1995. "External assistance and the peace process in El Salvador," World Development, Elsevier, vol. 23(12), pages 2101-2116, December.
    18. Michael Brzoska, 1999. "Economic factors shaping arms production in less industrialized countries," Defence and Peace Economics, Taylor & Francis Journals, vol. 10(2), pages 139-169.
    19. Jacques Fontanel & Hans-Christian Cars & Jacques Aben & Ron Smith & Pete Mir, 1987. "Emploi et défense," Post-Print hal-02961942, HAL.
    20. Mr. Benedict J. Clements & Mr. Sanjeev Gupta & Shamit Chakravarti & Ms. Rina Bhattacharya, 2002. "Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries," IMF Working Papers 2002/142, International Monetary Fund.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:apacel:v:8:y:1994:i:1:p:27-47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://onlinelibrary.wiley.com/journal/14678411 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.