Corruption and Military Expenditure: At 'No Cost to the King'

Reference:

Hudson, J. and Jones, P., 2008. Corruption and Military Expenditure: At 'No Cost to the King'. Defence and Peace Economics, 19 (6), pp. 387-403.

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Official URL:

http://dx.doi.org/10.1080/10242690801962270

Abstract

We analyse the determinants of the number of military personnel, military expenditure and arms imports using a panel data of all available countries with data from 1984-2006. The number of military personnel increases with the extent of external threat and with conscription. There is evidence for both economies of scale and the existence of 'ghost soldiers'. Expenditure, given the number of military personnel, increases with the extent of internal threat and the area of the country. Arms imports increase with the extent of external threat, GDP per capita and corruption. Finally, both arms imports and military expenditure impact upon corruption.

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