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The role of inclusive development and military expenditure in modulating the effect of terrorism on governance

Simplice Asongu (), Jacinta Nwachukwu () and Sara le Roux ()

No 18/026, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

Abstract: Purpose- The study investigates the role of inclusive human development and military expenditure in modulating the effect of terrorism on governance. Design/methodology/approach- It is based on 53 African countries for the period 1998-2012 and interactive Generalised Method of Moments is employed. Six governance indicators from the World Bank and two terrorism variables are used, namely: domestic and transnational terrorism dynamics. Findings- The following main findings are established. There is a negative net effect on governance (regulation quality and corruption-control) when inclusive human development is used to reduce terrorism. There is a positive net impact on governance (“voice and accountability” and rule of law) when military expenditure is used to reduce domestic terrorism. Originality/value- We have complemented the sparse literature on the use of policy variables to mitigate the effect of policy syndromes on macroeconomic outcomes.

Keywords: Terrorism; Inclusive development; Governance; Africa (search for similar items in EconPapers)
JEL-codes: C52 D74 F42 O38 P37 (search for similar items in EconPapers)
Date: 2018-01
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Forthcoming: Journal of Economic Studies

Downloads: (external link)
http://www.afridev.org/RePEc/agd/agd-wpaper/Inclus ... orism-governance.pdf Revised version, 2018 (application/pdf)

Related works:
Working Paper: The role of inclusive development and military expenditure in modulating the effect of terrorism on governance (2018) Downloads
Working Paper: The Role of Inclusive Development and Military Expenditure in Modulating the Effect of Terrorism on Governance (2018)
Working Paper: The role of inclusive development and military expenditure in modulating the effect of terrorism on governance (2018) Downloads
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