This paper considers the link between arms spending and economic growth for developing countries, in particular whether high spending on arms is likely to have a negative effect on economic growth and what benefits that might be gained by reducing it. The literature is complex and difficult to...

Richardson's action-reaction model of an arms race has prompted a considerable body of research that has attempted to empirically estimate such models. In general these attempts have been unsuccessful. This paper provides an extensive reconsideration of the estimation issues and using some...

The article presents a history of South Africa's arms industry. It charts the creation of Armscor, the post-apartheid breaking up of its procurement and production roles to form the current arms producer, Denel, and the even more recent restructuring of the industry. It is a story that shows the...

A comparative analysis is made of the experiences of Mozambique and Rwanda as they moved away from their respective conflicts. This provides useful information and a means of learning lessons that can inform future policy formation, particularly regarding the roles of the international community...

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...

Until recently, a long-standing, impressively large, and growing literature on the effects of military expenditure on economic growth appeared to have failed to result in a scholarly consensus. But the availability of 20 more years of data since the thawing of the cold war has helped researchers...

Egypt plays a pivotal role in the security of the Middle East as the doorway to Europe and its military expenditure reflects its involvement in the machinations of such an unstable region, showing considerable variation over the last 40 years. These characteristics make it a particularly...