The Persistence of Weapons: Global Evidence

Politics & Policy, 48(1), pp. 191-224 (2020).

27 Pages Posted: 21 Oct 2019 Last revised: 10 Feb 2020

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Joseph I. Uduji

University of Nigeria Enugu Campus

Elda N. Okolo-Obasi

Development Strategy Centre Nigeria

Date Written: October 10, 2019

Abstract

This study investigates persistence (or hysteresis) in weapons using a panel of 163 countries for the period 2010 to 2015. The following are some main findings. (i) Compared to countries that are landlocked, persistence in heavy weapons is more apparent in nations that are open to the sea. (ii) Relative to the Middle East & North Africa (MENA), heavy weapons is more persistent in the East Asia and the Pacific countries. This tendency is consistent with “weapons imports”. (vi) Evidence of persistence is not very apparent in “weapons imports” with the exception of the fact that it is higher in low income countries, compared to their high income counterparts. Hence, there is less hysteresis in weapons exports when compared with heavy weapons when weapons exports. (v) The determinants of persistence employed in the conditioning information set are contingent on fundamental characteristics and panels. Policy implications are discussed.

Keywords: War; Armaments; Global evidence; Persistence

JEL Classification: H56; L64; K42; P50

Suggested Citation

Asongu, Simplice and Uduji, Joseph I. and Okolo-Obasi, Elda N., The Persistence of Weapons: Global Evidence (October 10, 2019). Politics & Policy, 48(1), pp. 191-224 (2020). . Available at SSRN: https://ssrn.com/abstract=3467528 or http://dx.doi.org/10.2139/ssrn.3467528

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Joseph I. Uduji

University of Nigeria Enugu Campus ( email )

Department of Accountancy
Box 15540, Enugu
Enugu, NC Enugu 234
Nigeria

Elda N. Okolo-Obasi

Development Strategy Centre Nigeria ( email )

84Nza Street Independence Layout Enugu
Enugu, 400001
Nigeria
08063631111 (Phone)
400001 (Fax)

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