In this paper, I explore the applicability of sociological institutionalism for the analysis of security and the military. Based on cross-sectional data from 50 countries, I show how values linked to the nation state and security are related to world cultural ideas and the diffusion of...

Systemic risk - the possibility that an individual firm's failure will result in broad damages to the economy as a whole - is the epitome of financial crisis. Bailouts of troubled firms have long been the standard response to systemic risk. Yet, bailouts suffer from problems of political...

Scholars have estimated demand functions for national defense spending and investigated international arms trade for a long time. The relationship between supply and demand for military goods has, however, only been examined on aggregate level or in formal models yet. I investigate how the...

The immediate health cost of violent armed conflict is in the form of deaths and injuries of the combatants as well as civilians. However, these costs are mostly pertinent to major violent internal and international conflicts. Minor violent armed conflicts and nonviolent/ latent conflicts do not...

This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by government expenditure, the shadow economy and military...

This study complements existing literature by investigating how military expenditure can modulate the effect of terrorism externalities on tourism. The geographical and temporal scopes are 163 countries and the period 2010-2015. The empirical evidence is based on negative binomial regressions....