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| 1 |
ID:
098343
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2010.
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| Summary/Abstract |
This paper addresses the issue of the impact that armed conflicts have on capital markets. It focuses on the recent Israeli military offensive in the Gaza Strip launched in late 2008 and concluded in early 2009. The paper examines the effects of this armed conflict on the return and volatility of the general index of the Tel Aviv Stock Exchange (TASE), as well as on the government bond index. Furthermore, event study methodology is applied to identify markets' reactions to the Israeli military operations in the Gaza Strip.
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| 2 |
ID:
100953
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| 3 |
ID:
172140
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| Summary/Abstract |
Keeping with the established tradition in our journal, this paper reviews and surveys the last decade, that is volumes 21–30. It offers an overview of the thematic coverage of the papers published in Defence and Peace Economics and the changes that have occurred, points to existing gaps in the defence economics literature and possible future directions in the research agenda of this growing and vibrant field.
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| 4 |
ID:
050402
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| 5 |
ID:
186198
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| Summary/Abstract |
The European Defence Technological and Industrial Base (EDTIB) is considered as a key element in the quest for a European Security and Defence Union. The EDTIB strategy initiated in 2007 aimed to lead to greater integration of the fragmented national defence industries of EU member-states, achieve economies through the coordination of defence industrial policy, the pooling of resources in the production and acquisition of weapons systems and better serve the political objectives of European defence. The paper examines the extent to which EU27 member-states satisfy their demand for arms through the procurement of EDTIB origin defence inputs. Moreover, it explores whether a process of convergence is present in terms of the share of EDTIB origin imports in the total arms imports of the EU member-states. The presence or not of a convergence process is examined empirically using β- and club convergence methodologies. In broad terms, the findings point to a process of convergence albeit at different speeds, as indicated by the club-convergence analysis.
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| 6 |
ID:
050375
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| 7 |
ID:
190849
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| Summary/Abstract |
Using President Joe Biden’s opinion article published in The Washington Post ahead of the June 14, 2021 NATO Summit as a point of departure, the present paper examines how NATO members fare in terms of the core constituent elements of liberal democracy such as civil liberties and freedom of expression. To this effect, the paper uses three indices constructed and published by the Varieties of Democracy project. The Liberal democracy, Civil liberties and Freedom of expression indices. The results from club convergence analysis that covers the post-Cold War period, indicate the presence of different convergence clubs among NATO’s member-states and Turkey as the single divergent country. Moreover, given that many NATO countries are also EU members, the paper examines the comparative effect the dual NATO and EU membership had on the democratisation process of East European countries and Turkey. The findings suggest a statistically stronger impact of EU membership vis-à-vis NATO membership.
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| 8 |
ID:
076430
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| Publication |
2007.
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| Summary/Abstract |
The nexus between economic growth and military expenditure has attracted considerable attention and has been the subject of extensive theoretical and empirical work. Given the move towards the development of a Common European Security and Defence Policy (CESDP), this paper, using panel data analysis, addresses the causal ordering issue between growth and defence spending in the case of the European Union (EU15). Results reported herein suggest the presence of a positive feedback between growth and military expenditure in the long run and a positive impact of the latter on growth in the short run.
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| 9 |
ID:
083239
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| Publication |
2008.
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| Summary/Abstract |
The move towards a common European defence policy raises a multitude of multidimensional and complex issues. As pointed out in a recent paper (Hartley, 2003), these issues include economic aspects ranging from the role of the European defence industrial base to the costs of a common defence policy, and therefore the issue of burden sharing. This paper, assuming that the provision of common European defence to the participating members has the characteristics of a pure public good, approaches the burden sharing issue raised by Hartley (2003) by calculating a simple benefit share index that is then compared with the contribution made by each country to the costs of the common defence. Assuming the existence of a European Defence Union, the results indicate that some members are under-contributing while others are over-contributing in relation to the benefits derived.
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