Military Expenditure and Arms Trade: Alternative Data Sources
64 Pages Posted: 15 Feb 2006
Date Written: June 1994
Analysis of the economic impact of military expenditures and arms trade is frequently hampered by the limited amount of transparent, comprehensive data. Country-specific information can be supplemented, however, by data from multicountry statistical sources. This paper describes seven publications which provide multicountry statistics on military expenditure and trade--the information each source conveys, as well as the differences in coverage and definition--to assist the analyst in understanding how to use this data. Comparisons of the data reported by the various sources reveal numerous, significant differences, particularly in data on military expenditures.
JEL Classification: E62, F19, H56
Suggested Citation: Suggested Citation