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ARMS RACE MODELS: WHERE DO WE STAND?
Author(s) -
LUTERBACHER URS
Publication year - 1975
Publication title -
european journal of political research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.267
H-Index - 95
eISSN - 1475-6765
pISSN - 0304-4130
DOI - 10.1111/j.1475-6765.1975.tb00525.x
Subject(s) - arms race , race (biology) , perspective (graphical) , econometrics , econometric model , estimation , strengths and weaknesses , computer science , operations research , sociology , statistics , positive economics , economics , mathematics , psychology , artificial intelligence , social psychology , management , gender studies , political economy
This review article is an attempt to analyze the econometric approach to the question of mathematical arms race models. It tries to show that the major contributions of this perspective are its data analysis techniques which lead to the estimation of the relevant parameters in the arms interaction equations. Some weaknesses of these statistical procedures are exposed. The most important one is the inability of these methods to give reliable estimates for parameters of unstable arms race systems.