An Alternative Model for Determining The Rational Amount of Funds Allocated to Defence of The Czech Republic in Conditions of Expected Risk
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60162694%3AG42__%2F24%3A00560173" target="_blank" >RIV/60162694:G42__/24:00560173 - isvavai.cz</a>
Result on the web
<a href="https://www.obranaastrategie.cz/cs/archiv/rocnik-2023/1-2023/clanky/alternativni-model-stanoveni-racionalni-vyse-financnich-prostredku-alokovanych-na-obranu-cr-v-podminkach-ocekavaneho-rizik.html" target="_blank" >https://www.obranaastrategie.cz/cs/archiv/rocnik-2023/1-2023/clanky/alternativni-model-stanoveni-racionalni-vyse-financnich-prostredku-alokovanych-na-obranu-cr-v-podminkach-ocekavaneho-rizik.html</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3849/1802-7199.23.2023.01.149-172" target="_blank" >10.3849/1802-7199.23.2023.01.149-172</a>
Alternative languages
Result language
angličtina
Original language name
An Alternative Model for Determining The Rational Amount of Funds Allocated to Defence of The Czech Republic in Conditions of Expected Risk
Original language description
The present paper presents an alternative approach to determining rational defence spending of the Czech Republic concerning the evolution of a society’s wealth, expressed in terms of the financial valuation of tangible fixed assets. The authors describe the view that the government’s stated commitment to defence spending of 2% is a political decision that does not reflect the impact of the wealth achieved by society, the likelihood of an attack by a foreign power, and the expected level of damage caused by an attack. The authors present a model for determining rational defence spending based on the fair insurance model. The authors conclude that the rational expenditure on the defence of the Czech Republic’s wealth should be between 3.5% and 4.2% of GDP.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50601 - Political science
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Obrana a strategie
ISSN
1214-6463
e-ISSN
1802-7199
Volume of the periodical
2023
Issue of the periodical within the volume
1
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
23
Pages from-to
149-172
UT code for WoS article
001053985100001
EID of the result in the Scopus database
2-s2.0-85164135515