Are All Shocks Alike? Evidence From the Effects of Oil Shocks on Military Expenditure in Nigeria
نویسندگان
چکیده
This study investigated the asymmetric effects of oil shocks–oil price, demand and supply shocks–on military expenditure in Nigeria. Our confirmed presence short-run long-run asymmetries all three models used. Generally, positive price shocks positively influence vice versa for negative shocks. However, a shock is detrimental to expenditure.
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ژورنال
عنوان ژورنال: Energy research letters
سال: 2023
ISSN: ['2652-6433', '2652-6514']
DOI: https://doi.org/10.46557/001c.77899