TY - JOUR PY - 2004// TI - An Empirical Analysis of the Arms Race Between South and North Korea JO - Defence and peace economics A1 - Bae, Jun Sik SP - 379 EP - 392 VL - 15 IS - 4 N2 - This study analyses an arms race between South and North Korea over the period 1963-2000. Despite the strategic importance of the Korean Peninsula, the arms race between South and North Korea has rarely been studied. In this study, the South-North arms race is empirically estimated using Richardson's action-reaction model. The pattern of South-North arms race between the Cold War (1963-1989) and the post-Cold War eras (1990-2000) as well as the existence of an arms race is examined comparing both countries' defence spending, number of military personnel and tactical aircraft.

LA - SN - 1024-2694 UR - http://dx.doi.org/10.1080/1024269032000155785 ID - ref1 ER -