It is thought that one of the affected industries of the 9/11 terror event was the global airline industry through the attack's effects on global air traffic demand for international, scheduled flights. Using data from the International Civil Aviation Organization, this article considers whether...

The Handbook on the Economics of Conflict conveys how economics can contribute to the understanding of conflict in its various dimensions embracing world wars, regional conflicts, terrorism and the role of peacekeeping in conflict prevention.

This second issue of The EPS Journal takes up the theme of economic aspects of peacemaking and peacekeeping. Economics Nobel-Laureate Lawrence R. Klein reviews the arguments for, and the likely cost of, a standing United Nations peacekeeping force. Lloyd J. Dumas argues that minimizing economic...

This piece introduces the new journal. This issue - Conflict or Development? - has a regional focus on Africa. Joseph Stiglitz discusses the role of information in conflict and draws a fascinating analogy between civil strife and a labor strike. Paul Collier and Neil Cooper take different...

It is thought that one of the affected industries of the 9/11 terror event was the global airline industry through the attack's effects on global air traffic demand for international, scheduled flights. Using data from the International Civil Aviation Organization, this article considers whether...

A large literature has used tests for Granger (1969) non-causality, GNC, to examine the interaction of military spending with the economy. Such tests answer a specific although quite limited question: can one reject the null hypothesis that one variable does not help predict another? If one can...

There is now a large empirical literature on estimating arms races. This paper surveys some of the econometric issues involved in estimating action-reaction models of such races. Starting from the traditional Richardson model, it examines issues of identification, specification, and the role of...

This paper undertakes an empirical analysis of the economic effects of military spending on the South African economy. It estimates a neo-classical model common in the literature at the level of the macroeconomy and at the level of the manufacturing sector. An attempt is made to improve upon the...

This article is a contribution to the debate on the determinants and economic effects of military expenditure in less-developed economies. Recent empirical work has suggested that there is much to be gained from analysing groups of relatively homogeneous countries, and to this end it focuses on...

This paper examines the impact of military expenditure on economic growth on a large balanced panel, using an exogenous growth model and dynamic panel data methods for 106 countries over the period 1988-2010. A major focus of the paper is to consider the possibility group heterogeneity and...