2010
DOI: 10.1111/j.1465-7295.2008.00203.x
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Guns and Oil: An Analysis of Conventional Weapons Trade in the Post‐cold War Era

Abstract: "This paper analyzes the global conventional weapons trade between 1989 and 1999. We postulate that a key reason for the huge transfer of weapons to the Persian Gulf region is the enormous value of the oil wealth there along with the dependence of Western economies on access to the relatively cheap and steady supply of crude oil. We find a strong, positive, and robust empirical association between arms trade and crude oil trade and explain it as the result of a target price band arrangement that was responsibl… Show more

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Cited by 11 publications
(3 citation statements)
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“…Writing about the Middle East and Persian Gulf in the 1970s, Choucri with Vincent Ferraro (1976, 148) conjectured that the large-scale fl ow of armaments into the area could well increase the probability of local confl ict and instability, consequently eliciting a response from oil-importing countries. Along somewhat similar lines, Neha Khanna and Duane Chapman (2010) have claimed that arms imports from the United States and its allies to the Persian Gulf have actually contributed to stable oil markets, at least between 1989 and 1999. Arthur Westing ' s seminal edited volume Global Resources and International Confl ict (1986a) seconds oil ' s strategic importance.…”
Section: Scarcity Degradation and Confl Ictmentioning
confidence: 92%
“…Writing about the Middle East and Persian Gulf in the 1970s, Choucri with Vincent Ferraro (1976, 148) conjectured that the large-scale fl ow of armaments into the area could well increase the probability of local confl ict and instability, consequently eliciting a response from oil-importing countries. Along somewhat similar lines, Neha Khanna and Duane Chapman (2010) have claimed that arms imports from the United States and its allies to the Persian Gulf have actually contributed to stable oil markets, at least between 1989 and 1999. Arthur Westing ' s seminal edited volume Global Resources and International Confl ict (1986a) seconds oil ' s strategic importance.…”
Section: Scarcity Degradation and Confl Ictmentioning
confidence: 92%
“…Nitzan and Bichler (1995) call it the weapondollar-petrodollar coalition. Khanna and Chapman (2010) also suggest that the huge transfer of weapons to Persian Gulf countries during 1989-1999 might have been in order to keep access to a steady supply of oil. This would also fit with the oil-for-arms deal between China and Sudan mentioned above.…”
Section: Introductionmentioning
confidence: 99%
“…Akerman and Larsson Seim 2014;Berryman 2000;Blum 2019;Craft 2000;Dunne and Smith 2016;Khanna and Chapman 2010;Klare 1996;Levine et al 1998; Martinez-Zarzoso and Johanssen 2019;Moore 2010;Pamp et al 2018; Pamp and Turner 2017;Smith and Tasiran 2005;Thurner et al 2019, 2020. 12 Fuhrmann 2008, 2009aSeyoum 2017. …”
mentioning
confidence: 99%