The thesis resulting from the research on the “costs-effects” relation is the principle of economic efficiency of defence capabilities. At first glance, the arguments in this direction are well-known and popular in crisis situations of various nature, including the current financial and...

The thesis resulting from the research on the "costs - effects" relation is the principle of economic efficiency of defence capabilities. At first glance, the arguments in this direction are well-known and popular in crisis situations of various nature, including the current financial and...

The thesis resulting from the research on the "costseffects" relation is the principle of economic efficiency of defence capabilities. At first glance, the arguments in this direction are well-known and popular in crisis situations of various nature, including the current financial and economic...

The complex state of the Bulgarian economy is a prerequisite for the state of defence and security. The low GDP, low production, unemployment, the outflow of young people and professionals abroad are a prerequisite for the few resources allocated to defence. Contrary to all expectations of...

This paper develops a quantitative model of trade, military conflicts, and defense spending. Lowering trade costs between two countries reduces probability of an armed conflict between them, causing both to cut defense spending. This in turn causes a domino effect on defense spending by other...

Economists often model national defense as a pure public good optimally provided by a benevolent and omnipotent "defense brain" to maximize social welfare. I critically consider five assumptions associated with this view: (1) that defense and security is a pure public good that must be provided...

In early 2012 the Armed Forces (AF) were overshadowed by the accident with the fleet ballistic missile submarine (FBMS) K-84 "Yekaterinburg" and its grave consequences. The fire occurred three days before the New Year, during welding works as part of unscheduled repairs of the FBMS and where, in...

This paper deals with a wide choice of issues related to Russia's military-industrial complex, defence policy and military procurements in 2009. The year of 2009 saw an unprecedented acceleration of the genuine military reform. This can be ascribed first to the fact that in the wake of the war...

This paper deals with a wide choice of issues related to the Russian defense budget, defense policy, military procurements, etc. From the financial perspective, the year of 2010 started with a unusually early (of 12/04/2009) notification of the national military organization's chief controllers...

One of the most striking institutional features of many less developed countries is that their militaries are closely involved in policy-making, potentially having a large impact on economic outcomes. This paper examines the role of the military in setting policy. For this purpose it develops...