Models of military expenditure
回顾了军事支出实证文献中的模型差异,以英国二战后数据为例,通过系统搜索从两个已有模型出发,找到了一个优于其他设定、通过多种检验且适用于法国数据的新模型。
Abstract A brief review of the extensive empirical literature devoted to explaining levels of military expenditure indicates a wide variety of unreconciled results. However, comparing the alternative models is not straightforward. This paper uses British post‐war military expenditures to illustrate some of the methodological issues involved in model comparison, evaluation and selection. Starting from two published models for the UK, a systematic specification search leads to a new model, which dominates alternative specifications, passes a wide range of misspecification tests, and also fits well to French data.