Fear, Greed, or Garage Sale? The Analysis of Military Expenditure in East Asia
Social Work and Human Services
This paper examines the determinants of military expenditures in eight East Asian countries from 1983 to 1993. In a pooled cross-sectional time-series analysis, it finds that the security threats (either external or internal) have not been a factor in determining the governments' defense burdens. Instead, economic and bureaucratic budgetary factors are better predictors of their defense decision-making. Military corruption and subsidized defense industries are the main domestic elements driving up the budgets; but this bureaucratic 'irrationality' is checked and balanced by economic rationality, for the defense burdens generally correlate with the availability of economic resources.
The Pacific Review
Digital Object Identifier (DOI)
Li, Chien-Pin. "Fear, Greed, or Garage Sale? The Analysis of Military Expenditure in East Asia." The Pacific Review 10.2 (1997) 274-288.