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Militarization, Economic Growth and Petroleum Consumption in Brazil, Russian, India, China, Turkey, South Africa and Mexico

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  • Melike E. BILDIRICI

    (Yıldız Technical University, Department of Economics)

Abstract

This paper aimed to test the dynamic relationship between economic growth, petroleum consumption and militarization in Brazil, Russian, India, China, Turkey, South Africa and Mexico for the period 1987– 2013. It was used to the bounds test approach and it was determined whether there was a short and a long-run relationship among militarization, petroleum consumption and economic growth. ARDL test found that militarization and petroleum consumption has a positive and a statistically significant impact on economic growth. Further, it was applied the Granger causality and determined the evidence of bi-directional causal relation between variables. Lastly, the forecast-error variance approach corrected the obtained results

Suggested Citation

  • Melike E. BILDIRICI, 2017. "Militarization, Economic Growth and Petroleum Consumption in Brazil, Russian, India, China, Turkey, South Africa and Mexico," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 51(2), pages 249-266.
    • Handle: RePEc:cys:ecocyb:v:50:y:2017:i:2:p:249-266
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    References listed on IDEAS

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    Cited by:

    1. Melike E Bildirici, 2021. "Terrorism, environmental pollution, foreign direct investment (FDI), energy consumption, and economic growth: Evidences from China, India, Israel, and Turkey," Energy & Environment, , vol. 32(1), pages 75-95, February.
    2. Bildirici, Melike & Kayıkçı, Fazıl, 2022. "The relation between growth, energy imports, militarization and current account balance in China, Israel and South Korea," Energy, Elsevier, vol. 242(C).

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    More about this item

    Keywords

    Petroleum Consumption; Defence Industry; Militarization; Economic Growth; ARDL; Variance Decomposition; Granger Causality.;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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