In this paper, a method for the dynamic analysis of geometrically nonlinear elastic robot manipulators is presented. Robot arm elasticity is introduced using a finite element method which allows for the gross arm rotations. A shape function which accounts for the combined effects of rotary inertia and shear deformation is employed to describe the arm deformation relative to a selected component reference. Geometric elastic nonlinearities are introduced into the formulation by retaining the quadratic terms in the strain-displacement relationships. This has lead to a new stiffness matrix that depends on the rotary inertia and shear deformation and which has to be iteratively updated during the dynamic simulation. Mechanical joints are introduced into the formulation using a set of nonlinear algebraic constraint equations. A set of independent coordinates is identified over each subinterval and is employed to define the system state equations. In order to exemplify the analysis, a two-armed robot manipulator is solved. In this example, the effect of introducing geometric elastic nonlinearities and inertia nonlinearities on the robot arm kinematics, deformations, joint reaction forces and end-effector trajectory are investigated.