Category

Number of Access this item:1,043（2024-04-21 01:06 Counts）

Identifier to cite or link to this item: https://hdl.handle.net/10086/28272

Link to primary information 

File Format Size Views Description
cover_28272 pdf
RRC_WP_No64 pdf 503 KB 1,285

Item Information

Output File

Title
Can Russia's Military Expansion be Impossible Mission Force for its V-Shaped Growth Recovery under Declining Oil Prices?
Creator
Creator Name
Kuboniwa, Masaaki Kuboniwa, Masaaki
Affiliation
Affiliation Name
Hitotsubashi University
Affiliation
Affiliation Name
National Chengchi University
Editor
Contributor Name
Russian Research Center, Institute of Economic Research, Hitotsubashi University
Key Word
military goods
international oil price
Impossible Mission Force
growth
JEL
F51
F52
H56
L64
Abstract
This paper investigates whether Russia's expansion of military goods can be Impossible Mission Force (IMF) for its V-Shaped growth recovery under declining oil prices. Looking at long-run relationships between domestic outputs and international oil prices for 1995–2016, we focus on the impact of the military output expansion on growth of GDP and manufacturing for 2011–2016. We demonstrate that the military output expansion checked further growth retardation for 2012–2014 as a counter power against deteriorating oil prices or economic sanctions, while the military output expansion would not be likely to bolster up Russia's growth from 2015 onward without next oil windfalls.
Publisher
Russian Research Center, Institute of Economic Research, Hitotsubashi University
Issued Date
2016-11
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
RRC Working Paper Series ; No. 64
Relation
Related Identifier
URI
  http://www.ier.hit-u.ac.jp/rrc/English/
ISSN
1883-1656
Number of Pages
14
Appears in Collections
RRC Working Paper Series
URL
https://hdl.handle.net/10086/28272