Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168157
Authors: 
Farzanegan, Mohammad Reza
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Political Economy A10-V1
Abstract: 
This study shows that the level of corruption matters in how oil rents affect the military spending within countries. Using panel data covering the 1984–2014 period for the Middle East and North Africa countries, we find that the effect of oil rents on military budget depends on the extent of political corruption. Oil wealth boosts military spending when corruption (measured by the re-scaled ICRG index) exceeds a critical score of 5 (out of 6) in the MENA region.
JEL: 
H10
H56
H57
Document Type: 
Conference Paper

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