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Featured article: "The demand for military spending in Latin American Countries"

New Content ItemThis paper, using a panel of 12 Latin American countries and quantile regression analysis, estimates the demand for military expenditure over the 1965–2015 period. Results reported herein indicate that such spending has been driven by both domestic and external factors. The former include the economy as well as the political characteristics of the government as these are quantified by the Polity index of democracy. Intrastate conflict that has plagued many Latin American countries also emerges as a strong driving force in the allocation of resources to defence. Military spending by neighbouring countries with common borders emerges as the external strategic determinant that affects the demand for defence expenditures.


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From time to time, Latin American Economic Review publishes collections of articles on topics of special interest.

Argentine Exceptionalism
Published 2 February 2018

Research at the policy frontier in Latin America: Health, Education, Infrastructure and Housing and Climate Change
Published 10 November 2015

Aims and scope

Latin American Economic Review aims to be the leading general interest journal on topics relevant to Latin America. The journal welcomes high-quality theoretical and quantitative papers on economic, social and political-economy issues with a regional focus. Articles presenting new data bases or describing structural reforms within a rigorous theoretical framework will also be considered. A few (illustrative) examples of topics that may be of special interest to this journal include: inflation, informal sector, corruption, crime, drug policy, unions, social exclusion, price controls, energy and environmental policy, natural resources, and technology transfer.

A Gold Open Access journal

All articles published in this journal are open access. This means that....

  • authors retain copyright via CC-BY
  • institutional and regional Open Access mandates are fulfilled
  • research is 100% free to be accessed and built upon by anyone with an internet connection 


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