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TIME-VARYING CHARACTERISTICS OF SOUTH KOREA-UNITED STATES AND JAPAN-UNITED STATES MILITARY ALLIANCES UNDER CHINESE THREAT: A PUBLIC GOOD APPROACH

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This paper investigates the nature of two military alliances under Chinese threat. The findings are as follows: First, South Korea does not consider China a significant threat while Japan and the United States have recognized China as a serious threat since the 1990s and the 2000s, respectively. Second, the relationship between South Korea and the United States is a true military alliance for all time periods, but the nature of the alliance has changed since the 1970s. Third, although Japan began to form an alliance relationship with the United States in the 1990s, Japan is considered a more significant ally by the United States. This paper implies that, should China provoke a military confrontation, it might be difficult to deduce a common solution among the three countries because of the different response to military threats from China.
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Keywords: Defense goods; H410; H560; Military alliance; O530; Public good; Spill‐in elasticity; Threat elasticity

Document Type: Research Article

Affiliations: 1: Department of Economics,Chungbuk National University, Chungju Chungbuk, Korea 2: Department of Economics,Hankuk University of Foreign Studies, Gyeonggi-do, Korea

Publication date: 01 February 2012

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