{"title":"The Economics of Looting and Destruction of Cultural Heritage Sites and Objects","authors":"Shikha Basnet Silwal","doi":"10.1080/10242694.2021.2007638","DOIUrl":"https://doi.org/10.1080/10242694.2021.2007638","url":null,"abstract":"ABSTRACT This study discusses a topic that is relatively understudied in economics: looting and destruction of cultural heritage sites and objects during epochs of violence. While economic literature on culture, cultural practices, and cultural institutions is long-standing, overlooked are the economic motivations for heritage (a material expression of culture) destruction, the economic consequences of the destruction, and potential policies for prevention from future destruction. Heritage objects during peace times turn into blood antiquities during violent conflicts. Illicit excavations in one country garnish museums in another. Covering a bird’s-eye view of these topics, the study also highlights prospects for future economic research and reiterates a unique opportunity cultural heritage reconstruction may provide for reconciliation in post-conflict countries.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"34 1","pages":"214 - 227"},"PeriodicalIF":1.6,"publicationDate":"2021-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48257418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effects of Rising Terrorism on a Small Capital Market: Evidence from Tunisia","authors":"Wafa Souffargi, Adel Boubaker","doi":"10.1080/10242694.2021.2007338","DOIUrl":"https://doi.org/10.1080/10242694.2021.2007338","url":null,"abstract":"ABSTRACT The purpose of this paper is to shed light on the impact of the rising terrorist threat on the performance of a small capitalization market – the Tunisian stock market-. Using an event study methodology as well as conditional volatility, we investigate the impact of recent terrorist attacks in Tunisia on the general index TUNINDEX and sector indices. Our main findings are as follows. First, we find that terrorist attacks negatively affect the Tunisian stock market. However, the decline – considerable in certain cases- is short-lived: the market recovers from terrorist shocks in one day. Second, Oil and Gas, Insurance and Telecommunications, are the most affected sectors. Third, different terrorist tactics have varied effects on the stock market that leads us to conclude that attack type, weapon type, target type, and severity of the attack may determine the market’s reactions.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"34 1","pages":"323 - 342"},"PeriodicalIF":1.6,"publicationDate":"2021-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44503177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sweden and Swedish Defence – Introduction to the Special Issue","authors":"P. Nordlund","doi":"10.1080/10242694.2021.2003529","DOIUrl":"https://doi.org/10.1080/10242694.2021.2003529","url":null,"abstract":"ABSTRACT This article provides the context for the articles in this Special Issue on Sweden and its defence. The article starts with Sweden before presenting Swedish defence, its economy, the military threats, the defence industry, the personnel and the guiding principles of defence. Swedish principles for governance of the public agencies in general and within the defence sector in particular are described. A presentation of the Swedish Defence Research Institute (FOI) and its defence economic activities is also provided.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"33 1","pages":"387 - 398"},"PeriodicalIF":1.6,"publicationDate":"2021-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44102543","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sharing the Burden of Hybrid Threats: Lessons from the Economics of Alliances","authors":"Pieter Balcaen, C. Du Bois, C. Buts","doi":"10.1080/10242694.2021.1991128","DOIUrl":"https://doi.org/10.1080/10242694.2021.1991128","url":null,"abstract":"ABSTRACT This article discusses the effects of the changing (hybrid) conflict environment on the burden sharing debate. We discuss the actions taken by both the alliance as the member states in repelling these threats, arguing that this mainly produces security outputs that are private or impure public. As the burden sharing literature currently lacks notions of hybrid threats, we believe the current modelling to be ill-suited to provide reliable assessments of member states’ burden sharing behaviour. We address this void by adjusting the Joint Product Model, extending a country’s security activities to a more inclusive ‘whole of government (WoG) approach’. We depart from this WoG model to stress the challenges associated with comparing the contributions of member states in countering these threats. This leads us to dispute the use of aggregate military expenditures as a main variable to measure a country’s degree of free riding. More and other types of (non-military) variables and proxy-indexes should be taken into account. The same remark goes for estimating the benefit-burden concordance within this framework of permanent non-linear state competition.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"34 1","pages":"142 - 159"},"PeriodicalIF":1.6,"publicationDate":"2021-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47965469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Organisational Complexity of the Eurofighter Typhoon Collaborative Supply Chain","authors":"R. Matthews, Rashid Al-Saadi","doi":"10.1080/10242694.2021.1987022","DOIUrl":"https://doi.org/10.1080/10242694.2021.1987022","url":null,"abstract":"ABSTRACT The European Union (EU) promotes arms collaboration as a stepping-stone towards the evolution of an integrated European defence technology and industrial base. It will necessarily comprise prime contractors and their attendant supply chains, with the latter particularly important because they represent a refined regional division of labour, promoting efficiencies through skill-based specialisation. Paradoxically, however, Europe’s largest military aerospace collaborative venture, the Eurofighter Typhoon, possesses a complex supply chain subject to political and institutional strictures, as well as potential inefficiencies. Partner nations prioritise national sovereignty objectives through duplicated assembly lines and work allocation arrangements based on juste retour (fair share) rather than market-driven competitiveness criteria. The purpose of this paper, then, is to explore Typhoon’s supply chain complexity, especially the impact of juste retour policy. The findings from this analysis will highlight important policy issues influencing the future supply chain model of Europe’s successor 6th-Generation fighter programme.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"34 1","pages":"228 - 243"},"PeriodicalIF":1.6,"publicationDate":"2021-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48584453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Military Spending Composition and Economic Growth","authors":"Jordan Becker, J. Dunne","doi":"10.1080/10242694.2021.2003530","DOIUrl":"https://doi.org/10.1080/10242694.2021.2003530","url":null,"abstract":"ABSTRACT In the large literature on military spending and growth, the heterogeneity of the categories of expenditure is seldom considered. Military spending is used to pay for a variety of things, including salaries, large weapon systems, and physical infrastructure, along with ongoing operations, training, and readiness - each of which might be expected to have different implications for economic growth. One reason for the focus on aggregate spending is the lack of disaggregated cross-country data, but there are some data available from NATO and the EU that break military spending into personnel, equipment, infrastructure and other expenditures (primarily operations and maintenance). This paper uses these data, available for 34 countries, for as many as 49 years, to investigate whether the composition of military budgets affects economic growth. Estimating standard growth models with this data it finds that as expected there is considerable heterogeneity in the effects of the different components. Specifically, the negative correlation between military spending and growth found in recent studies is primarily driven by personnel expenditures, and - slightly less clearly - by operating expenditures.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"34 1","pages":"259 - 271"},"PeriodicalIF":1.6,"publicationDate":"2021-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42220552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Unchained Dog of War: An Examination of the Lack of Constraint on Presidential Uses of Force in the Modern Era","authors":"Nicholas Creel","doi":"10.1080/10242694.2021.2001620","DOIUrl":"https://doi.org/10.1080/10242694.2021.2001620","url":null,"abstract":"ABSTRACT Research on the constraint President’s face in matters of foreign policy is generally of the view that they are largely free to do as they please. Some research however posits that Congressional constrain on the executive is in fact much larger than it is given credit for. Using their research as a jumping off point, I re-examine this matter by asking when the President will seek ex ante Congressional authorization for the use of force. I estimate this potential effect of Congressional constraint on the President by looking at US initiated militarized interstate disputes with at least one fatality. In so doing, it is demonstrated that no Congressional constrain exists in this regard; the President rarely seeks ex ante authorization for the use of force and is therefore not truly constrained in its use. In fact, evidence is brought to bear that if anything the diversionary theory of war initiation may hold water; inflation is shown herein to be negatively linked to ex ante Congressional authorization for the use of force. It seems as though the President is less likely to ask Congress for permission to conduct deadly military operations when inflation is high.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"34 1","pages":"1 - 12"},"PeriodicalIF":1.6,"publicationDate":"2021-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49320084","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Distinct Asymmetric Effects of Military Spending on Economic Growth for Different Income Groups of Countries","authors":"Duygu Yolcu Karadam, Nadir Öcal, Jülide Yildirim","doi":"10.1080/10242694.2021.1984030","DOIUrl":"https://doi.org/10.1080/10242694.2021.1984030","url":null,"abstract":"ABSTRACT Although possible asymmetries for univariate and multivariate dynamics have been the focus of interest in many areas of economic explorations, it seems that most of the research on military expenditure - economic growth nexus has tended to assume linear relationships. This paper aims to examine possible nonlinearities in military expenditure-economic growth nexus employing data for a sample of 103 countries covering the 1988-2019 period. For this purpose, Panel Smooth Transition Regression, PSTR, models are estimated not only for all countries’ sample but also for low income, middle income, and high-income countries’ subsamples to reveal possible distinct asymmetric relationships for country groups with different income levels. Empirical results for the whole sample, low income and middle income groups indicate that military expenditure not only governs the regime change, but also low and high levels of military expenditure have distinctive and rising negative effects on economic growth with dissimilar threshold effects. Moreover, empirical findings also indicate that net arms exports govern regime change for high income countries, and as net arms exports rise, the negative impacts of military expenditure on economic growth become deeper.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"34 1","pages":"477 - 494"},"PeriodicalIF":1.6,"publicationDate":"2021-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42655370","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Evolution Towards the Partial Strategic Autonomy of Sweden’s Essential Security Interests","authors":"M. Lundmark","doi":"10.1080/10242694.2021.1992713","DOIUrl":"https://doi.org/10.1080/10242694.2021.1992713","url":null,"abstract":"ABSTRACT This article describes how Sweden developed a hybrid defence-industrial infrastructure with three prioritized ‘essential strategic interests’ pointing to parts of the domestic defence industry: ‘a partial strategic autonomy’. The article focuses on Sweden’s declared three essential security interests – combat aircraft capability; underwater capabilities; and integrity-critical parts of the command, control, communication and intelligence domain (C3I). The article finds that the possibilities and ways forward for the essential security interests vary, with a general trend towards more shared and increasingly partial autonomy. Six change factors are formulated as drivers towards Sweden’s partial strategic autonomy of today: Autonomy as a result of failed internationalization; Techno-nationalist perception of Sweden leading to industrial protectionism; Strategic choice; Corporate lobbying; Export incentives leading to political support of technologies; and Europeanization of the EU defence industry. Techno-nationalism and strategic choice are the factors with the most evident impact. The overall governance of the defence industry is clear on the priority of ensuring security of supply and a high degree of autonomy regarding the three essential security interests. Other parts of the defence industry operate under globalized and more competitive conditions. In order to apply increased economic rationality and strive for shared autonomy, Sweden must increase its engagement in multilateral arms collaboration.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"33 1","pages":"399 - 420"},"PeriodicalIF":1.6,"publicationDate":"2021-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46460055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Introducing Missile Tests Dataset","authors":"Cem Birol","doi":"10.1080/10242694.2021.1990516","DOIUrl":"https://doi.org/10.1080/10242694.2021.1990516","url":null,"abstract":"ABSTRACT This paper introduces the Missile Tests Dataset which consists of the publicized and undisclosed missile tests conducted by 15 countries that initiated their missile development programs sometime between 1946 and 2015. Then it statistically explores factors that affect how frequently these countries test-launch their missiles. In that regard, three broad possibilities are investigated: (i) increases in missile tests following decisions to upgrade the missile arsenal or missile-dependent technologies, (ii) increases in missile tests as a retaliation to foreign military threats, and (iii) decreases in missile tests due to economic costs introduced by sanctions. Negative Binomial regression analyses suggest that decisions to upgrade missile and missile-dependent technologies increase all missile tests but have no consistent effect on publicized missile tests. Threats of military nature have surprisingly no consistent effect on all or publicized missile tests. However, receiving economic sanctions increase publicized missile tests. The paper concludes with a discussion of future research possibilities, and policy recommendations.","PeriodicalId":47477,"journal":{"name":"Defence and Peace Economics","volume":"33 1","pages":"108 - 128"},"PeriodicalIF":1.6,"publicationDate":"2021-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47176030","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}