Bove, Vincenzo, Elia, Leandro and Pelliccia, Marco (2016) Centrality in trade networks and investment in security. Peace Economics, Peace Science and Public Policy, 22 (1). pp. 27-39. doi:10.1515/peps-2015-0042 ISSN 1554-8597.

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Abstract

The contemporary empirical literature on military spending has focused on institutional and conflict factors, and although has acknowledged the role of trade openness, it has not taken into account the position of a state in the trade network. Building on the concept of network centrality, we claim that the structure of trade networks affects the optimal investment in security, and that a country’s level of military spending is a function of its strategic position in the global network of a critical commodity, such as oil. Our empirical results show that network centrality constrains military spending.

Item Type:	Journal Article
Subjects:	J Political Science > JA Political science (General)
Divisions:	Faculty of Social Sciences > Politics and International Studies
Library of Congress Subject Headings (LCSH):	Military spending, Petroleum reserves, International trade, Politics and war
Journal or Publication Title:	Peace Economics, Peace Science and Public Policy
Publisher:	Walter de Gruyter
ISSN:	1554-8597
Official Date:	January 2016
Dates:	Date Event January 2016 Published December 2015 Available
Volume:	22
Number:	1
Page Range:	pp. 27-39
DOI:	10.1515/peps-2015-0042
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
Date of first compliant deposit:	11 January 2016
Date of first compliant Open Access:	1 January 2017
Related URLs:	Publisher

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