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Determinants of southeast asian military spending in the post-cold war era: a dynamic panel analysis

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  • YU WANG

Abstract

This study examines the demand of military expenditure among Southeast Asian countries since the end of the Cold War. By using a dynamic panel approach, I find that military spending in the region has been jointly determined by economic, strategic and socio-political factors. In particular, surging foreign debt burdens and the rise of China -- two regional issues that gained prominence in the post-Cold War period -- show their significance as determinants along with other generalist variables. The results therefore ask for the development of even-handed and region-sensitive approaches to studying military build-up in the region of Southeast Asia.

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  • Yu Wang, 2013. "Determinants of southeast asian military spending in the post-cold war era: a dynamic panel analysis," Defence and Peace Economics, Taylor & Francis Journals, vol. 24(1), pages 73-87, February.
    • Handle: RePEc:taf:defpea:v:24:y:2013:i:1:p:73-87
    DOI: 10.1080/10242694.2012.656944
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    Cited by:

    1. Justin George & Todd Sandler, 2021. "EU Demand for Defense, 1990–2019: A Strategic Spatial Approach," Games, MDPI, vol. 12(1), pages 1-18, February.
    2. Christos Kollias & Suzanna-Maria Paleologou & Panayiotis Tzeremes & Nickolaos Tzeremes, 2017. "Defence expenditure and economic growth in Latin American countries: evidence from linear and nonlinear causality tests," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 26(1), pages 1-25, December.
    3. Xiang Jun & Primiano Christopher B. & Huang Wei-hao, 2015. "Aggressive or Peaceful Rise? An Empirical Assessment of China’s Militarized Conflict, 1979–2010," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 21(3), pages 301-325, August.

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