Garcia-Alonso, Maria del Carmen; Levine, Paul - School of Economics, University of Kent - 2003
Owing to the WTO exemption that allows governments to subsidise arms exports, the arms trade is one of the few … remaining areas of trade where we observe lump-sum and per unit transfers to exports. This paper examines the effect of arms … controls, in the form of licensing delays, on the incentives to subsidise arms exports and conversely the effect of the WTO …