@article{ref1,
title="The demand for military spending in developing countries: a dynamic panel analysis",
journal="Defence and peace economics",
year="2003",
author="Dunne, J. P. and Perlo-Freeman, Sam",
volume="14",
number="6",
pages="461-474",
abstract="Estimating demand functions for developing countries before and after the end of the Cold War, Dunne and Perlo-Freeman (2003) found little evidence of any change in the underlying relationship. One concern with their analysis was that the use of cross-section averages might have obscured important time series effects. This paper deals with this issue by analysing their data using static and dynamic panel data methods. This produces evidence of a change in relationship and suggests that the focus in the literature on cross-section analyses has indeed limited our understanding of important dynamic processes at work within countries.  An earlier version of this paper was presented to the Second CesA/IDN - International Conference on Defence Economics and Security in Mediterranean and Sub-Saharan Africa.<p />",
language="en",
issn="1024-2694",
doi="10.1080/1024269032000085224",
url="http://dx.doi.org/10.1080/1024269032000085224"
}