Purpose – The purpose of this paper is to investigate the relationship between growth, investment and military expenditure in the case of the European Union-15. Design/methodology/approach – The paper uses fixed panel models, random coefficient models and a trivariate VAR model to examine...

The introduction of the euro epitomizes European economic integration. This paper assesses the dynamic process of convergence among four major European stock markets in the first euro-decade. Using tests that allow for endogenously determined breaks in cointegrating relationships and rolling...

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.

Terrorism is widely regarded as a public bad vis-à-vis security - a public good - affecting the subjective well-being of citizens. As studies have shown, citizens' risk-perceptions and risk-assessment are affected by large scale terrorist acts. Reported evidence shows that individuals are often...

Greece has regularly been ranked as the country with the highest defence burden in NATO and the European Union. This study, using an error-correction approach, is a preliminary empirical investigation into the economic effects of military spending in Greece during the period 1963-90.

Purpose – The purpose of this paper is to investigate the relationship between growth, investment and military expenditure in the case of the European Union‐15. Design/methodology/approach – The paper uses fixed panel models, random coefficient models and a trivariate VAR model to examine...

Purpose – The purpose of this paper is to investigate the revenue‐expenditure nexus in the case of the 15 members of the European Union. Design/methodology/approach – The paper uses a VECM framework to determine the causal ordering between these two macroeconomic aggregates. Findings –...

Purpose – The purpose of this paper is to examine the impact of unemployment on various types of crime in Greece. Design/methodology/approach – A battery of econometric tests, including Granger causality tests, a variance decomposition analysis, and an impulse response analysis are used to...