THE ROLE OF INSTITUTIONS IN DETERMINING MILITARY EXPENDITURE: EVIDENCE FROM EASTERN EUROPE
Journal: Baltic Journal of Economic Studies
Year: 2026

The purpose of the present paper is to analyse the impact of institutional factors on the level of military expenditure of post-socialist countries of Eastern Europe. The dramatic shift in the European security architecture has compelled these nations to substantially increase their defence budgets. Whilst the extant academic literature thoroughly covers traditional determinants such as external threats and economic development, the specific role of the institutional environment is often address