Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191348
Authors: 
Asongu, Simplice
Nwachukwu, Jacinta C.
Le Roux, Sara
Year of Publication: 
2018
Series/Report no.: 
AGDI Working Paper WP/18/026
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.
Subjects: 
Terrorism
Inclusive development
Governance
Africa
JEL: 
C52
D74
F42
O38
P37
Document Type: 
Working Paper
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