Title
Assessing the Cost of Friction between NATO Allies
Authors
[ 1 ] Sustainable Innovations Institute | [ 2 ] ACCOUNTING, FINANCE AND ECONOMICS, THE AMERICAN COLLEGE OF GREECE
Year of publication
2021
Published in
Article type
scientific article
Publication language
english
Keywords
EN
- International security
- Military security
- NATO
Abstract
EN This paper proposes a method for assessing the cost of friction between North Atlantic Treaty Organisation (NATO) allies and highlights internal threats. This is applied to the Greek–Turkish conflict within the NATO context and concerns the functioning of defence expenditure in Greece, modified in such a way as to focus on the causes of friction between these allies. The analysis concentrates mainly on the issue of internal threats to the long-run equilibrium of NATO. The ARDL methodology used modifies the typical error correction model by introducing a mechanism that accelerates the process that leads back to the long-run equilibrium. Along with assessing the cost to an ally in relation to an internal threat, the method proposed allows the time required for the long-run equilibrium of NATO to be restored. The paper concludes that dynamic incidents of friction between allies expressed as an internal threat disturb NATO’s static equilibrium, destabilise an individual ally’s defence policy and contribute to cost being incurred.
Pages (from - to)
25 - 48
License type
CC BY (attribution alone)
Open Access Mode
open journal
Open Access Text Version
final published version
Release date
17.12.2021
Date of Open Access to the publication
in press
Ministry points / journal
70
Ministry points / journal in years 2017-2021
70
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