Estimating non‐transparent military expenditures: The case of china (PRC)Footnote∗

Digby Waller is Defence Economist at the International Institute for Strategic Studies (IISS). This article has its genesis as a paper delivered to a conference on Chinese Economic Reform: The Impact on Security Policy sponsored by IISS and the Chinese Council of Advanced Policy Studies in July 1994. Thanks are due in particular to Dr. Gerry Segal, Senior Fellow of IISS Asian Security Studies, for helpful discussions and comment. Errors of detail and interpretation are the responsibility of the author alone.

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• Digby Waller is Defence Economist at the International Institute for Strategic Studies (IISS). This article has its genesis as a paper delivered to a conference on Chinese Economic Reform: The Impact on Security Policy sponsored by IISS and the Chinese Council of Advanced Policy Studies in July 1994. Thanks are due in particular to Dr. Gerry Segal, Senior Fellow of IISS Asian Security Studies, for helpful discussions and comment. Errors of detail and interpretation are the responsibility of the author alone.
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