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Converging Allies?

Author

Listed:
  • Arvanitidis Paschalis

    (Department of Economics, University of Thessaly, Volos, Greece)

  • Kollias Christos

    (Department of Economics, University of Thessaly, Volos, Greece)

  • Messis Petros

    (Department of Finance and Accounting, University of Macedonia, Thessaloniki, Greece)

Abstract

In the relevant literature, policy convergence is broadly defined as the gradual process through which countries acquire similar traits in terms of one or more policy characteristics such as objectives, inputs, instruments, outputs. Within the broader policy convergence discourse, this paper empirically investigates the presence of a defence policy convergence in the NATO alliance. Defence spending expressed as a share of GDP represents the resources countries allocate to the production of military capabilities and is adopted as the variable through which the question at hand is examined. In broad terms, results reported herein from β and σ-convergence methodologies as well as from Markov chains, suggest the presence of a defence policy convergence process.

Suggested Citation

  • Arvanitidis Paschalis & Kollias Christos & Messis Petros, 2017. "Converging Allies?," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 23(2), pages 1-15, April.
    • Handle: RePEc:bpj:pepspp:v:23:y:2017:i:2:p:15:n:2
    DOI: 10.1515/peps-2016-0044
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    Citations

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    Cited by:

    1. Charles Shaaba Saba & Nicholas Ngepah & Christian Nsiah, 2020. "Convergence in military expenditure and economic growth in Africa and its regional economic communities: evidence from a club clustering algorithm," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1832344-183, January.
    2. Saba Charles Shaaba & Ngepah Nicholas, 2020. "Military expenditure and security outcome convergence in African regional economic communities: evidence from the convergence club algorithm," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 26(1), pages 1-28, February.

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