Fighting Terrorism in Africa: Complementarity between Inclusive Development, Military Expenditure and Political Stability

Forthcoming, Journal of Policy Modeling

36 Pages Posted: 20 Feb 2020

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Sara le Roux

Oxford Brookes University - Department of Economics

Pritam Singh

Oxford Brookes University

Date Written: January 23, 2020

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.

Keywords: Terrorism; Inclusive development; Political stability; Military expenditure; Africa

JEL Classification: C52; D74; F42; O16; O38

Suggested Citation

Asongu, Simplice and le Roux, Sara and Singh, Pritam, Fighting Terrorism in Africa: Complementarity between Inclusive Development, Military Expenditure and Political Stability (January 23, 2020). Forthcoming, Journal of Policy Modeling, Available at SSRN: https://ssrn.com/abstract=3524130 or http://dx.doi.org/10.2139/ssrn.3524130

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Sara Le Roux

Oxford Brookes University - Department of Economics ( email )

Oxford Brookes Business School
Headington Campus
Oxford, OX3 0BP
United Kingdom

HOME PAGE: http://saraleroux.weebly.com/

Pritam Singh

Oxford Brookes University ( email )

Gipsy Lane
Headington
Oxon. OX33 1HX, OX3 0BP
United Kingdom

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