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Do Natural Resources of Rentier States Promote Military Expenditures? Evidence from GCC Countries

Author

Listed:
  • Nasser Al-Mawali

    (Faculty of Economics, Sultan Qaboos University, Oman.)

Abstract

This study aims to explore the effect of natural resources of rentier states on military expenditure using the panel data from GCC countries. The principle findings suggest that types of natural resources matter and that the rent from oil only appeared to fuel the military expenditure of GCC, other natural resources such as gas and minerals are not. Further, the study found that Gulf War I and II as well as Arab Spring is statistically insignificant in explaining the military expenditure of GCC.

Suggested Citation

  • Nasser Al-Mawali, 2015. "Do Natural Resources of Rentier States Promote Military Expenditures? Evidence from GCC Countries," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 3(3), pages 49-53, June.
    • Handle: RePEc:lrc:lareco:v:3:y:2015:i:3:p:49-53
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    Citations

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    Cited by:

    1. Dawud Ansari & Mariza Montes de Oca Leon & Helen Schlüter, 2021. "What Drives Saudi Airstrikes in Yemen? An Empirical Analysis of the Dynamics of Coalition Airstrikes, Houthi Attacks, and the Oil Market," Discussion Papers of DIW Berlin 1959, DIW Berlin, German Institute for Economic Research.
    2. Do, Trung K., 2021. "Resource curse or rentier peace? The impact of natural resource rents on military expenditure," Resources Policy, Elsevier, vol. 71(C).

    More about this item

    Keywords

    GCC; Military expenditure; Natural resources.;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East

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