Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
September 5, 2025International Journal of Business and SocietyOpen Access

The Influence of Oil Price Fluctuations and Macroeconomics Consequence on Defense Expenditure in African Oil-Rich Countries

View Full Paper
Ask AI
Bookmark
Share

Authors

AKAhmed KrosoNLNanthakumar LoganathanYSYogeeswari Subramaniam

Discussion

Loading...

Member takes

Overview

This study uncovers the causal links between oil price fluctuations and defense expenditure, highlighting macroeconomic implications.

Key Points

  • Real oil prices positively affect military expenditure in the long run, indicating strong economic ties.
  • Empirical evidence supports a causal relationship between oil price fluctuations and defense spending across African nations.
  • Panel estimations reveal that military expenditure trends reflect a U-shaped pattern influenced by GDP over time.
  • Policymakers should prioritize oil revenues for sectors like healthcare and education rather than military spending.

Cite This Study

Kroso et al. (2025) studied this question.

synapsesocial.com/papers/68bb46c36d6d5674bccfee88https://doi.org/10.33736/ijbs.8364.2025
View Full Paper
Ask AI
Bookmark
Share

Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Macroeconomic Impacts of Oil Price Fluctuations: Panel Data Evidence from Oil-Importing Developing Countries2024
  2. 2Asymmetric Effects of Oil Price Volatility on Government Expenditure in Oil-Importing African Countries: Evidence from Zambia2024
  3. 3Economic Fundamentals and Real Exchange Rate in African Oil Producing Countries: Evidence from Asymmetric Cointegration2024
  4. 4Macroeconomic Effects of Oil Price Shocks in the Context of Geopolitical Events: Evidence from Selected European Countries2025 · 9 citations
  5. 5Analysis of the Relationship Between Military Expenditure and Investment in the Economic Community of West African States: A Heterogeneous Panel Data Approach2024 · 1 citations