The purpose of this paper is to examine the effects of military aid and arms transfers on Militarized Interstate Dispute (MID). The “democratic peace� literature has found empirical evidence for the claim that democracies rarely, if ever, engage each other in militarized disputes....

Defense economics derives from and is embedded in the multi-dimensional array of issues each country must address when providing for its national security. Applying economic concepts and methods, it attempts to evaluate this great diversity of security related questions, and to understand how...

We analyze how trade openness matters for interstate conflict over productive resources. Our analysis features a terms-of-trade channel that makes security policies trade-regime dependent. Specifically, trade between two adversaries reduces each one's incentive to arm given the opponent's...