Sample3_NATO_25_allies_2004_2020.csv

The dataset comprises 25 NATO member countries’ military expenditure (ME) and related economic indicators, 2004-2020. These are 25 NATO member countries’ ME, the product of all sample countries’ ME divided by its own ME (spillover1), the sum of all sample countries’ ME minus its own ME (spillover2), 25 NATO allies’ GDP, and Russian military expenditure. All these variables are logarithms of first differenced time series. <br>The original data sources are: NATO allies’ and Russian ME: Stockholm International Peace Research Institute. 2022. <i>SIPRI Extended Military Expenditure Database</i>. https://www.sipri.org/databases/milex<br> NATO allies’ GDP: World Bank. 2022. <i>World Development Indicators. </i>https://databank.worldbank.org/source/world-development-indicators<br>