The impact of oil price shocks on the military expenditure of selected MENA oil exporting countries: symmetric and asymmetric cointegration analysis
This paper examines the symmetric and asymmetric effects of oil prices on military expenditure of selected the Middle East and North Africa (MENA) oil-exporting countries. Using Linear Autoregressive Distributed Lag (ARDL) and Nonlinear Autoregressive Distributed Lag (NARDL) frameworks on annual dat...
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| Main Authors: | , , , |
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| Format: | Article |
| Published: |
University of Tehran * Faculty of Economics
2021
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| Online Access: | http://psasir.upm.edu.my/id/eprint/95466/ https://ier.ut.ac.ir/article_83447.html |
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| Institution: | Universiti Putra Malaysia |