Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/227982 
Year of Publication: 
2020
Series/Report no.: 
AGDI Working Paper No. WP/20/004
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This study examines complementarities between inclusive development, military expenditure and political stability in the fight against terrorism in 53 African countries for the period 1998-2012. Hence the policy variables employed in the study are inclusive development, military expenditure and political stability. The empirical evidence is based on Generalised Method of Moments (GMM) with forward orthogonal deviations. The paper reports three main findings. Firstly, military expenditure and inclusive development are substitutes and not complements. Secondly, it is more relevant to use political stability as a complement of inclusive development than to use inclusive development as a complement of political stability. Thirdly, it can be broadly established that military expenditure and political stability are complementary. In the light of the sequencing, complementarity and substitutability, when the three policy variables are viewed within the same framework, it is more feasible to first pursue political stability and then complement it with military expenditure and inclusive development.
Subjects: 
Terrorism
Inclusive development
Political stability
Military expenditure
Africa
JEL: 
C52
D74
F42
O16
O38
Document Type: 
Working Paper

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