The Persistence of Weapons: Global Evidence

Abstract

This article investigates persistence (or hysteresis) in weapons using a panel of 163 countries for the period 2010‐15. The following are some main findings: (1) compared to countries that are landlocked, persistence in heavy weapons is more apparent in nations that are open to the sea; (2) relative to the Middle East and North Africa, heavy weapons are more persistent in the East Asia and the Pacific countries. This tendency is consistent with “weapons imports;” (3) 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 exports; and (4) the determinants of persistence employed in the conditioning information set are contingent on fundamental characteristics and panels. Policy implications are discussed. Related Articles Beal, Amanda L., and Leah Graham. 2014. “Foundations for Change: Rule of Law, Development, and Democratization.” Politics & Policy 42 (3): 311‐345. https://doi.org/10.1111/polp.12077 Fails, Matthew D. 2014. “Leader Turnover, Volatility, and Political Risk.” Politics & Policy 42 (3): 369‐399. https://doi.org/10.1111/polp.12078 Jakubow, Alexander. 2014. “State Intervention and Life Satisfaction Reconsidered: The Role of Governance Quality and Resource Misallocation.” Politics & Policy 42 (1): 3‐36. https://doi.org/10.1111/polp.12057 Peev, Evgeni, and Dennis C. Mueller. 2013. “Democracy, Economic Freedom and Growth in Transition Economies.” Kyklos 65 (3): 371‐407. http://onlinelibrary.wiley.com/doi/10.1111/j.1467-6435.2012.00543.x/abstract Siddiqui, Danish A., and Qazi M. Ahmed. 2013. “The Effect of Institutions on Economic Growth: A Global Analysis Based on GMM Dynamic Panel Estimation.” Structural Change and Economic Dynamics 24: 18‐33. http://www.sciencedirect.com/science/article/pii/S0954349X12000902

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