The political economy of arms export restrictions: The case of Japan

Atsushi Tago, Gerald Schneider

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

The export of arms belongs to the most contested issues in democracies. In this article, we examine the economic repercussions of the recent easing of the Japanese arms exports restrictions. We develop a rational expectations argument to understand why some political events increase the income of the arms manufacturers, while other ones reduce it or have no effect at all. Event studies suggest that investors closely observe relevant political developments since stock prices of the six arms manufacturers companies reacted consistently to the announcements and leaks as to whether the arms export restrictions would be lifted or not.

Original languageEnglish
Pages (from-to)419-439
Number of pages21
JournalJapanese Journal of Political Science
Volume13
Issue number3
DOIs
Publication statusPublished - 2012 Sep 1
Externally publishedYes

Fingerprint

trade barrier
political economy
Japan
event
political development
investor
democracy
income
economics

ASJC Scopus subject areas

  • Sociology and Political Science
  • Political Science and International Relations

Cite this

The political economy of arms export restrictions : The case of Japan. / Tago, Atsushi; Schneider, Gerald.

In: Japanese Journal of Political Science, Vol. 13, No. 3, 01.09.2012, p. 419-439.

Research output: Contribution to journalArticle

@article{aba245ddac654807947eff40e30faa97,
title = "The political economy of arms export restrictions: The case of Japan",
abstract = "The export of arms belongs to the most contested issues in democracies. In this article, we examine the economic repercussions of the recent easing of the Japanese arms exports restrictions. We develop a rational expectations argument to understand why some political events increase the income of the arms manufacturers, while other ones reduce it or have no effect at all. Event studies suggest that investors closely observe relevant political developments since stock prices of the six arms manufacturers companies reacted consistently to the announcements and leaks as to whether the arms export restrictions would be lifted or not.",
author = "Atsushi Tago and Gerald Schneider",
year = "2012",
month = "9",
day = "1",
doi = "10.1017/S1468109912000175",
language = "English",
volume = "13",
pages = "419--439",
journal = "Japanese Journal of Political Science",
issn = "1468-1099",
publisher = "Cambridge University Press",
number = "3",

}

TY - JOUR

T1 - The political economy of arms export restrictions

T2 - The case of Japan

AU - Tago, Atsushi

AU - Schneider, Gerald

PY - 2012/9/1

Y1 - 2012/9/1

N2 - The export of arms belongs to the most contested issues in democracies. In this article, we examine the economic repercussions of the recent easing of the Japanese arms exports restrictions. We develop a rational expectations argument to understand why some political events increase the income of the arms manufacturers, while other ones reduce it or have no effect at all. Event studies suggest that investors closely observe relevant political developments since stock prices of the six arms manufacturers companies reacted consistently to the announcements and leaks as to whether the arms export restrictions would be lifted or not.

AB - The export of arms belongs to the most contested issues in democracies. In this article, we examine the economic repercussions of the recent easing of the Japanese arms exports restrictions. We develop a rational expectations argument to understand why some political events increase the income of the arms manufacturers, while other ones reduce it or have no effect at all. Event studies suggest that investors closely observe relevant political developments since stock prices of the six arms manufacturers companies reacted consistently to the announcements and leaks as to whether the arms export restrictions would be lifted or not.

UR - http://www.scopus.com/inward/record.url?scp=84865002315&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84865002315&partnerID=8YFLogxK

U2 - 10.1017/S1468109912000175

DO - 10.1017/S1468109912000175

M3 - Article

AN - SCOPUS:84865002315

VL - 13

SP - 419

EP - 439

JO - Japanese Journal of Political Science

JF - Japanese Journal of Political Science

SN - 1468-1099

IS - 3

ER -