The potential impact of oil sanctions on military spending and democracy in the Middle East

Sajjad Faraji Dizaji

Research output: Working paperAcademic

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Abstract

This study examines how negative oil shocks (due to the oil boycotts) could
affect the military expenditure and the quality of democracy in the oil rentier
states of Middle East by applying the annual date from 1990 to 2017. I use
both economic and political variables in a panel vector autoregressive (PVAR)
model of oil boycotts. The estimated PVAR models show significant impacts
of oil boycotts both on key economic factors (government revenues, defence
and non-defence expenditures) and on the different indicators of the political
system.
Original languageEnglish
Place of PublicationDen Haag
PublisherInternational Institute of Social Studies (ISS)
Number of pages34
Publication statusPublished - Apr 2019

Publication series

SeriesISS working papers. General series
Number644
ISSN0921-0210

Bibliographical note

JEL: F51, F13, F14

This working paper has been provided as a part of the research project: Economic Sanctions and Conflict Resolution. This project has received research scholarship from Gerda Henkel Foundation under the special programme of Security, Society and the State.

Series

  • ISS Working Paper-General Series

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