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Testing Two Explanations of the Liberal Peace

The Opportunity Cost and Signaling Arguments

Dados Bibliográficos

ID6284058
AutoresNam Kyu Kim (0000-0003-0621-4192, University of Nebraska–Lincoln, autor correspondente)
Ano2014
Volume58
Fascículo5
Páginas894-919
Data de publicação2014-08-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Conflict Resolution (JOURNAL)
Identificadores do periódicoISSN: 0022-0027 • E-ISSN: 1552-8766
EditoraSAGE Publications Inc (PUBLISHER)
DOI10.1177/0022002713484280
OpenAlexW2164697049
IdiomaEN
Citações recebidas8
Referências citadas60

Considerable evidence suggests that economic interdependence and integration reduce the likelihood of militarized conflict. However, scholars have devoted remarkably scant attention to testing different explanations of the liberal peace. This article offers an empirical test that can help adjudicate the two main arguments on the liberal peace: the opportunity cost and signaling arguments. Under the incomplete information assumption, I derive different observable implications of the competing arguments regarding how target states respond when challenged. By estimating selection models comprising dispute initiation and reciprocation, I find that, as challengers are more dependent on bilateral trade, targets are less likely to reciprocate disputes, which is supportive of the signaling argument. Regarding dispute initiation, increases in foreign direct investment and financial openness are associated with a decrease in the probability of conflict initiation. Last, the pacifying effects of the liberal economic variables are much more pronounced in contiguous and major dyads than in other dyads

Adjudication · Argument (complex analysis · Economic interdependence · Economics · Law and economics · Malleability · Openness to experience · Political economy · Political science · Politics · Positive economics · International Development and Aid · International Relations and Foreign Policy · Law · Political Conflict and Governance · Psychology · Social Psychology

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Obras citantes distintas8
Citações por ano0,89
Intervalo de citações2017 - 2025 (9)
Velocidade de citaçãorecent
Altamente citadoNão
Tipos de citaçãoNeutras: 8
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