Effectiveness of military spending in reducing the intensity of armed conflict in Sub-Saharan Africa
用动态概率模型研究撒哈拉以南非洲军费开支对武装冲突强度的影响，发现军费能降低冲突强度，尤其对低强度冲突效果更明显，且效果取决于军费水平和制度质量。
Abstract This study empirically examines the effectiveness of military spending in reducing the intensity of armed conflict in Sub-Saharan Africa. We use a dynamic probit model, and the results show that military spending reduces the intensity of conflict. It significantly reduces low-intensity conflicts more than high-intensity conflicts. Additionally, the effectiveness of military spending depends on its level and the quality of institutions. Finally, the analysis of transmission channels shows that military spending affects conflict intensity mainly through the channel of military capabilities. We conducted several tests and robustness checks to ensure the validity of our results.