Journal Article

The arms trade

Paul Levine and Ron Smith

in Economic Policy

Published on behalf of Center for Economic Studies of the University of Munich

Volume 12, issue 25, pages 336-370
Published in print October 1997 | ISSN: 0266-4658
Published online November 2014 | e-ISSN: 1468-0327 | DOI: https://dx.doi.org/10.1111/1468-0327.00024
The arms trade

More Like This

Show all results sharing these subjects:

  • Economic Growth and Aggregate Productivity
  • Financial Regulation
  • Health, Education, and Welfare
  • Labour and Demographic Economics
  • Macroeconomics and Monetary Economics
  • Public Economics
  • Regional Government Analysis

GO

Show Summary Details

Preview

SUMMARY

The arms trade Winners and losers

The arms trade is highly controversial and raises difficult policy issues. The controversies tend to concentrate on the moral, military and political dimensions of arms exports decisions. Quite a lot of light can be shed on this murky market by asking basic economic questions and using standard economic models. We begin with a structured economic description of the evolution of the international arms market in terms of the factors that influence demand and supply and thus prices and quantities. Then we review the policy issues faced by EU members: in particular, whether a common control regime is needed to harmonize their regulation of arms exports. To address these policy issues, we present some models of the market that we have developed and examine their implications for the interesting interactions that characterize the trade.

— Paul Levine and Ron Smith

Journal Article.  0 words. 

Subjects: Economic Growth and Aggregate Productivity ; Financial Regulation ; Health, Education, and Welfare ; Labour and Demographic Economics ; Macroeconomics and Monetary Economics ; Public Economics ; Regional Government Analysis

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.