TY - JOUR PY - 1991// TI - National security and the two Koreas JO - Defence economics A1 - Ward, Michael D. A1 - Park, Kyung-Yeon SP - 135 EP - 150 VL - 2 IS - 2 N2 - A continuous time model of the military competition between North and South Korea is developed and tested using data from 1960-1987. Several policy simulations are explored using this model. We find that there is considerable potential for moderate defence reductions on the peninsula. However, a strong South Korean economy is likely to accommodate real increases in both military and private consumption.

LA - SN - 1043-0717 UR - http://dx.doi.org/10.1080/10430719108404686 ID - ref1 ER -