Military Expenditures, Income Inequality, Welfare and Political Regimes: A dynamic panel data analysis

There is a sizeable empirical literature on the development of the welfare state and on the typology of the welfare regimes, starting from seminal work of Esping-Andersen (1990), which identifies three types of welfare regimes. There appear to be, however, no empirical studies that examine welfare regimes with special attention to military spending. Therefore, the goal of this paper is to investigate the possible relationship between military expenditures, income inequality, and types of welfare and political regimes. To do so, we examine 37 major countries across the world for the period of 1988-2003 in panel data analysis by

Defence and Peace Economics, 2015 Vol. 26, No. 1, 49-74, https://dx.doi.org/10.1080/10242694.2013.848577