Collier, PaulHoeffler, Anke2014-08-012014-08-012002-11https://hdl.handle.net/10986/19207Using global data for the period 1960-99, the authors estimate neighborhood arms races. They find that the level of military expenditure is strongly influenced by the expenditure of neighbors. The authors estimate an "arms race multiplier," finding that an initial exogenous increase in military expenditure by one country is more than doubled in both the originating country and its neighbor. An implication is that military expenditure is, to an extent, a "regional public bad." Potentially, there is an offsetting public good effect if rebellions are deterred by military expenditure. However, instrumenting for military expenditure, the authors find no deterrence effect of military spending on the risk of internal conflict. So there appears to be no regional public good effect offsetting the public bad arising from a neighborhood arms race.en-USCC BY 3.0 IGOACTIONSARMAMENTSARMSARMS RACECIVIL CONFLICTCIVIL WARCIVIL WARSCOEFFICIENT OF POPULATION DISPERSIONCOLD WARCONFLICTCONFLICT RISKCONFLICTSCOUNTER-INSURGENCYDEFENSEDEMOCRACYDEMOCRATIC REGIMESDEMOCRATIZATIONDETERRENCEDICTATORSHIPDISPUTESEND OF WORLD WARETHNIC DOMINANCEETHNIC FRACTIONALIZATIONETHNIC GROUPEXPENDITUREFINANCIAL RESOURCESFOREIGN GOVERNMENTSGEOGRAPHIC CONCENTRATIONINCOME PER CAPITAINCREASE IN RISKINDIGENOUS RELIGIONSINSURGENCYINTERNAL CONFLICTINTERNAL SECURITYINTERNATIONAL CONFLICTINTERNATIONAL WARLINGUISTIC DATALINGUISTIC FRACTIONALIZATIONLINGUISTIC FRACTIONALIZATION INDEXLINGUISTIC GROUPLOBBYINGMILITARY ADVANTAGEMILITARY AIRCRAFTMILITARY BUDGETSMILITARY CAPABILITYMILITARY EQUIPMENTMILITARY EXPENDITURESMILITARY GOVERNMENTMILITARY POWERMILITARY SPENDINGMOTIVATIONSNAVYPEACEPEACE PERIODPEACE RESEARCHPOLITICAL INSTITUTIONSPOLITICAL POWERPOST-CONFLICTREBEL RECRUITMENTREBELLIONREBELLIONSRELIGIOUS FRACTIONALIZATIONRELIGIOUS FRACTIONALIZATION INDEXRISK OF CONFLICTRISK OF REBELLIONSOCIAL COSTSOCIAL FRACTIONALIZATIONSTOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTETRADE AGREEMENTSWARFARE10.1596/1813-9450-2927