The Library
Global arms trade and oil dependence
Tools
Bove, Vincenzo, Deiana , Claudio and Nisticò, Roberto (2018) Global arms trade and oil dependence. The Journal of Law, Economics, & Organization, 34 (2). pp. 272-299. doi:10.1093/jleo/ewy007 ISSN 1465-7341.
|
PDF
WRAP-global-arms-trade-oil-dependence-Bove-2018.pdf - Accepted Version - Requires a PDF viewer. Download (570Kb) | Preview |
Official URL: https://doi.org/10.1093/jleo/ewy007
Abstract
We investigate how oil dependence affects the trade of weapons between countries. We argue that oil-dependent economies have incentives to transfer arms to oil-rich countries to reduce their risk of instability and, as a result, the chances of disruption in the oil industry. We employ gravity models of the arms trade and estimate the effect of both a local as well as a global oil dependence. Two key results emerge. First, the volume of arms transfers to a specific country is affected by the degree of dependence on its supply of oil. Second, global oil dependence motivates arms export to oil-rich countries even in absence of a direct bilateral oil-for-weapons exchange. Our results point consistently toward the conclusion that the arms trade is an effective foreign policy tool to securing and maintaining access to oil.
Item Type: | Journal Article | ||||||||
---|---|---|---|---|---|---|---|---|---|
Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||
Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||||||
Library of Congress Subject Headings (LCSH): | Arms transfers, Oil industries | ||||||||
Journal or Publication Title: | The Journal of Law, Economics, & Organization | ||||||||
Publisher: | Oxford University Press | ||||||||
ISSN: | 1465-7341 | ||||||||
Official Date: | 1 May 2018 | ||||||||
Dates: |
|
||||||||
Volume: | 34 | ||||||||
Number: | 2 | ||||||||
Page Range: | pp. 272-299 | ||||||||
DOI: | 10.1093/jleo/ewy007 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | This is a pre-copyedited, author-produced version of an article accepted for publication in The Journal of Law, Economics, & Organization following peer review. The version of record Vincenzo Bove, Claudio Deiana, Roberto Nisticò; Global Arms Trade and Oil Dependence*, The Journal of Law, Economics, and Organization, Volume 34, Issue 2, 1 May 2018, Pages 272–299, is available online at:https://doi.org/10.1093/jleo/ewy007 | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 1 March 2018 | ||||||||
Date of first compliant Open Access: | 19 March 2020 |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |
Downloads
Downloads per month over past year