The author thanks Marta Reynal, Antonio Ciccone, Antonio Cabrales and Nicholas Marsh for their comments.
Democracies, Politics, and Arms Supply
Article first published online: 16 JAN 2012
© 2012 Blackwell Publishing Ltd
Review of International Economics
Volume 20, Issue 1, pages 150–163, February 2012
How to Cite
Comola, M. (2012), Democracies, Politics, and Arms Supply. Review of International Economics, 20: 150–163. doi: 10.1111/j.1467-9396.2011.01014.x
- Issue published online: 16 JAN 2012
- Article first published online: 16 JAN 2012
Throughout the 20th century arms have not only been tradable goods, but also policy instruments. This paper focuses on countries supplying major conventional weapons (MCW), and investigates whether changes in political conditions impact the quantity of MCW supplied to third countries. In particular, it concentrates on democratic exporters and estimates a gravity-type panel tobit for the years 1975–2004. Results suggest that the exporter's chief executive, being right-wing, has a positive and significant impact on MCW exports. This may reflect a general right-wing tendency to support national industry and deregulate heavy industry exports. It is also found that higher concentration of power is associated with lower MCW exports, and that executives which serve the last year of their term and can run for re-election tend to decrease MCW exports.