[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/hit/rrcwps/64.html
   My bibliography  Save this paper

Can Russia's Military Expansion be Impossible Mission Force for its V-Shaped Growth Recovery under Declining Oil Prices?

Author

Listed:
  • Kuboniwa, Masaaki
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.

Suggested Citation

  • Kuboniwa, Masaaki, 2016. "Can Russia's Military Expansion be Impossible Mission Force for its V-Shaped Growth Recovery under Declining Oil Prices?," RRC Working Paper Series 64, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:rrcwps:64
    as

    Download full text from publisher

    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/28272/RRC_WP_No64.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Masaaki Kuboniwa, 2012. "Diagnosing the ‘Russian Disease’: Growth and Structure of the Russian Economy," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 54(1), pages 121-148, March.
    2. Cooper, Julian, 2016. "The military dimension of a more Militant Russia," Russian Journal of Economics, Elsevier, vol. 2(2), pages 129-145.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lucia Tajoli, 2022. "Too much of a good thing? Russia-EU international trade relations at times of war," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(4), pages 807-834, December.
    2. Marina A. Osintseva, 2022. "Influence of Oil Factor on Economic Growth in Oil-exporting Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 217-224.
    3. Ville Kaitila, 2016. "GDP growth in Russia: different capital stock series and the terms of trade," Post-Communist Economies, Taylor & Francis Journals, vol. 28(2), pages 129-145, April.
    4. Kuboniwa, Masaaki, 2016. "Estimating GDP and Foreign Rents of the Oil and Gas Sector in the USSR then and Russia now," RRC Working Paper Series 61, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    5. Lissovolik, Yaroslav & Kuznetsov, Aleksei & Berdigulova, Aigul, 2017. "Recovery In Trade Between The Edb Countries," Working Papers 2017-2, Eurasian Development Bank, Chief Economist Group.
    6. Kuboniwa, Masaaki, 2014. "Russia’s Global Value Chain using a Modified World Input-Output Data," RRC Working Paper Series 50, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    7. Kuboniwa, Masaaki, 2014. "A comparative analysis of the impact of oil prices on oil-rich emerging economies in the Pacific Rim," Journal of Comparative Economics, Elsevier, vol. 42(2), pages 328-339.
    8. Kubinowa, Masaaki, 2016. "Considerations on new Rosstat data on the contribution of Russia's military goods sector to GDP growth in recent years," BOFIT Policy Briefs 11/2016, Bank of Finland Institute for Emerging Economies (BOFIT).
    9. Olga Gennadyevna Vasilyeva, 2018. "Natural Resources: How to Measure Them in ‘Resource Curse’ Studies," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 4, pages 67-91.
    10. Kudrin, Alexey & Gurvich, Evsey, 2015. "A new growth model for the Russian economy1," Russian Journal of Economics, Elsevier, vol. 1(1), pages 30-54.
    11. ELLMAN, Michael, 2012. "What Did the Study of Transition Economies Contribute to Mainstream Economics?," RRC Working Paper Series Special_issue_no.2, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    12. Iwasaki, Ichiro, 2018. "International Presence of the Japanese Study of Russian and East European Economies," RRC Working Paper Series 74, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    13. Kuboniwa, Masaaki, 2014. "The Impact of Oil Prices, Total Factor Productivity and Institutional Weakness on Russia’s Declining Growth," RRC Working Paper Series 49, Russian Research Center, Institute of Economic Research, Hitotsubashi University.

    More about this item

    Keywords

    military goods; international oil price; Impossible Mission Force; growth;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hit:rrcwps:64. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Digital Resources Section, Hitotsubashi University Library (email available below). General contact details of provider: https://edirc.repec.org/data/rrhitjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.