@article{Asongu_544,
author = {Sara Roux le Simplice A. Asongu Jacinta C. Nwachukwu},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Inclusive-development-military-expenditure-terrorism-governance.pdf},
year = {2016},
date = {2016-08-25},
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},
pubstate = {published},
tppubtype = {article}
}