Arms Races in the Third World

This article examines whether a significant part of Argentina's military budget over a 22-year span can be attributed to an arms race with Brazil. Multiple regression equations are estimated for the period 1961 and 1982 and several subperiods, taking into account Brazil's military spending, changes in political regimes in Argentina, and also the availability of economic resources allocated to the government. The results indicate that the rivalry existed until the mid-l970s. As a result of increased economic cooperation between the two countries since then, the arms race has gradually diminished, and other factors have become more important in determining defense spending levels in Argentina

Arms race · Demographic economics · Development economics · Economics · Economy · Government (linguistics · Macroeconomics · Political economy · Political science · Politics · Race (biology · Rivalry · Sociology · Defense, Military, and Policy Studies · Global trade and economics · Indian Economic and Social Development · Law