The Demand for Military Expenditure: A Correction

descriptionPublicationkeyboard_double_arrow_right Article 01 Dec 1987Publisher:Oxford University Press (OUP)Journal:The Economic Journal, volume 97, page 989 (issn: 0013-0133,

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Authors: Smith, R P;

doi: 10.2307/2233085

The Demand for Military Expenditure: A Correction

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Abstract

This note corrects a mistake in my paper 'The Demand for Military Expenditure', this JOURNAL vol go, December I980, pp. 8I1-20. The structural parameters of the 'Security Function' are wrongly derived from the estimated coefficients on p. 8i6. This error, which has serious repercussions for the interpretation of the results, was pointed out to me by Mark Franklin, a parttime M.Sc. student at Birkbeck, then at the Ministry of Defence. The model describes the process by which a 'rational' UK state sets the level of military expenditure. Its 'tastes' for Security S and real civilian expenditure C are summarised in a CES social welfare function:

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Birkbeck, University of London
United Kingdom

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