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Optimal Versus Required Defence Expenditure Revisited

Author

Listed:
  • Andreou, Andreas S.
  • Parsopoulos, Konstantine
  • Vrachatis, Michael
  • Zombanakis, George A.

Abstract

The scope of this paper is to supplement our earlier work on the issue concerning the Greek-Cypriot Integrated Defence Doctrine. The term describes a purely defensive dogma the scope of which is to face any form of offensive action against one or both of the allies. It aims, in addition, at defending the strategic and political interests of the two allies in the Aegean Sea and the broader East Mediterranean area in an environment of an arms race against Turkey (Hellenic Ministry of Defence 2000). Given the complexity and multi-disciplinary aspect of this issue we restrict ourselves to focusing on a very interesting aspect of the topic that has not been considered in the literature thus far. What we examine, more specifically, is the relative security contribution of Greece and Cyprus to their alliance and the benefits that each side derives in that respect.

Suggested Citation

  • Andreou, Andreas S. & Parsopoulos, Konstantine & Vrachatis, Michael & Zombanakis, George A., 2003. "Optimal Versus Required Defence Expenditure Revisited," MPRA Paper 78765, University Library of Munich, Germany, revised 14 Jul 2003.
    • Handle: RePEc:pra:mprapa:78765
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    File URL: https://mpra.ub.uni-muenchen.de/78765/1/MPRA_paper_78765.pdf
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    References listed on IDEAS

    as
    1. A. S. Andreou & K. E. Parsopoulos & M. N. Vrahatis & G. A. Zombanakis, 2002. "Optimal versus required defence expenditure: The case of the Greek-Turkish arms race," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(4), pages 329-347.
    2. A. S. Andreou & G. A. Zombanakis, 2001. "A neural network measurement of relative military security - the case of Greece and Cyprus," Defence and Peace Economics, Taylor & Francis Journals, vol. 12(4), pages 303-324.
    3. Sandler,Todd & Hartley,Keith, 1995. "The Economics of Defense," Cambridge Books, Cambridge University Press, number 9780521447287, January.
    4. Andreou, Andreas S. & Zombanakis, George A., 2001. "A Neural Network Measurement of Relative Military Security: The Case of Greece and Cyprus," MPRA Paper 14539, University Library of Munich, Germany, revised 2001.
    5. Andreou, Andreas S. & Zombanakis, George A., 2000. "Financial Versus Human Resources in the Greek-Turkish Arms Race: A Forecasting Investigation Using Artificial Neural Networks," MPRA Paper 13892, University Library of Munich, Germany.
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    More about this item

    Keywords

    Economics of Defence; Relative Security;

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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