Defence economics
FDI, Defense Spending and Economic Prosperity
M. Douch
Bulletin of Economic Research · 77, 86–118
Mohamed Douch, PhD.
Professor of Economics · B.Sc., M.Sc., Ph.D.
Research on economic policy, financial markets, and the economics of defence and security. Teaching the tools to understand a changing economy.
Academic homeRoyal Military College of Canada ↗
Research fellow · Queen’s UniversityCentre for International and Defence Policy ↗
Fellow · Queen’s UniversityJohn Deutsch Institute ↗
Mohamed Douch is a Full Professor of Economics at the Royal Military College of Canada, where he has taught and conducted research since 2006.
He holds an M.Sc. in Financial Economics with distinction and a Ph.D. in Macroeconomics from the Université du Québec à Montréal. He is also a research fellow at Queen’s University’s Centre for International and Defence Policy and a fellow of the John Deutsch Institute for the Study of Economic Policy.
His work spans macroeconomics, financial economics, applied econometrics, and defence economics. He has contributed to international conferences and the SIPRI Military Expenditure Expert Workshop, and has undertaken consulting projects with the Centre for Operational Research and Analysis and Defence Research and Development Canada.
At RMC, he has served as Deputy Head and as the person in charge of Economics, alongside wider academic committee responsibilities.
02 / Research
Questions that connect
economics and policy.
- 01
Macroeconomics
Monetary policy, small open economies, and dynamic stochastic general equilibrium modelling.
- 02
Applied econometrics
Time series, panel data, financial econometrics, and stochastic optimization.
- 03
Financial economics
International trade, exchange rates, and risks in international markets.
- 04
Defence economics
Military spending, the economic effects of civil wars, and threats to international stability.
- 05
Statistics & quantitative methods
Descriptive and inferential statistics, and quantitative research methods.
Understanding how policy, information, and security shape economic outcomes.
Explore published articles, working papers, and research projects on monetary policy, asset returns, military expenditure, and economic prosperity.
Manuscripts & working papers ↗Research projects
- Determinants of military expenditures — principal investigator; funded by CDARP.
- Families of univariate skew distributions — co-principal investigator with M. Bouaddi; partially funded by AUC.
- Equity premium puzzle in a data-rich environment — co-principal investigator with M. Bouaddi.
- Inflation-price-level targeting in a small open economy with imperfect pass-through — principal investigator.
- Civil conflict and economic shocks: causal effects — principal investigator.
03 / Selected work
Research & publications.
9 selected publications
Financial economics
Revisiting Equity Premium Puzzles in a Data-Rich Environment
M. Douch & M. Bouaddi
Applied Economics Quarterly · 65(4), 257–275
Macroeconomics
Monetary Policy in a Small Open Economy with Imperfect Pass-Through
M. Douch
Atlantic Economic Journal
Financial economics
Exposure to Provincial and National Information and Firm Performance: Crisis Period Evidence from China
M. Douch, O. Farooq & Y. Kalinina
International Advances in Economic Research
Defence economics
Status or Security: The Case of the Middle East and North Africa Region
M. Douch & B. Solomon
Peace Economics, Peace Science and Public Policy · 24(3), 1–12
Financial economics
Asset Returns and Economic Conditions
M. Douch
International Advances in Economic Research
Defence economics
A Dynamic Panel Analysis Using SIPRI’s Extended Military Expenditure Data: The Case of Middle Power Nations
M. Douch & B. Solomon
The Economics of Peace and Security Journal · 11(2)
Financial economics
Stock Price Synchronicity and Tails of Return Distribution
M. Douch, O. Farooq & M. Bouaddi
Journal of International Financial Markets, Institutions & Money · 37, 1–11
Defence economics
Middle Powers and the Demand for Military Expenditures
M. Douch & B. Solomon
Defence and Peace Economics · 24(6)
04 / Teaching
Economic ideas.
Analytical tools.
Undergraduate and graduate teaching in economics, statistics, and quantitative methods.
Teaching activities & philosophy ↗MacroeconomicsEconometricsFinancial economicsStatisticsQuantitative methodsResearch methods
05 / Highlights
Publications & academic activity.
FDI, Defense Spending and Economic Prosperity
Published in the Bulletin of Economic Research, volume 77, pages 86–118.
Read the paper ↗Military Expenditures and Economic Growth: Revisiting the Nexus
Paper presented at the 59th Canadian Economics Association Annual Meeting.
Conference program ↗Earlier conferences & workshops
- International Conference on Economics and Security, Madrid, 2019 — “FDI, Defense Spending and Economic Prosperity in the MENA Region.” View program ↗
- 14th Annual Defence and Security Economics Workshop — discussant for “European burden sharing in counter-piracy operations: A quantitative analysis of military contributions 2009–2017.” Workshop information ↗
Academic address
Department of EconomicsRoyal Military College of Canada
P.O. Box 17000, Station Forces
Kingston, Ontario, Canada · K7K 7B4
+1 (613) 541-6000