Fighting terrorism in Africa: Complementarity between inclusive development, military expenditure and political stability

Asongu, Simplice A.; Roux, Sara le; Singh, Pritam

doi:10.1016/j.jpolmod.2020.01.014

Cited by 12 publications

(3 citation statements)

References 105 publications

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“…Asongu et al (2021) analyzed that political stability is paramount for military expenditure and tourism. Political stability should be significant in a country, complementing the revenue generation sectors and leading to inclusive growth.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The lacunae of the tourism sector due to terrorist attacks can be mitigated by sound policies and advisory (Ranga & Pradhan, 2014). Asongu et al (2021) analyzed that political stability is paramount for military expenditure and tourism. Political stability should be significant in a country, complementing the revenue generation sectors and leading to inclusive growth.…”

Section: Literature Reviewmentioning

confidence: 99%

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Analyzing the impact of terrorism on tourism in Sri Lanka

Bandyopadhyay,

Rej,

Mallick

et al. 2024

Journal of Public Affairs

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While terrorism brings fear and chaos, tourism is the epitome of peace and happiness. Sri Lanka has always attracted international tourists due to tropical climate and beautiful tourist destinations. However, terrorism and the recent debt crisis have led to chaos and economic failure; in this study, the impact of terrorism, external debt, and military expenditure on international tourism in Sri Lanka have been empirically studied to unravel the dynamics. Dynamic ARDL simulation and cumulative fourier frequency causality results highlight the presence of an inverted N‐shaped association between terrorism and tourism, as well as external debt and tourism. The phenomenal results from this analysis provide essential policy suggestions for Sri Lanka for economic recovery through the promotion of international tourism.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Analyzing the impact of terrorism on tourism in Sri Lanka

Bandyopadhyay,

Rej,

Mallick

et al. 2024

Journal of Public Affairs

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“…Here, the positive or negative impact of institutional quality on military spending will depend on the stages of development of the countries and their state of safety and security and the threat from foreign entities. In other words, the degree of the spending ambitions of a country's neighbours and adversaries could also be a contributing factor (see, for example, Collier and Hoe er, 2002; Asongu et al, 2021;Phillips, 2015).…”

Section: Links Between Institutional Quality and Military Expenditurementioning

confidence: 99%

Do the state of governance, military expenditure, institutional quality and economic growth have temporal causal links?

Pradhan¹,

Arvin²,

Nair³

et al. 2023

Preprint

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It is widely acknowledged that quality institutions and strong governance measures are critical to ensure the assets of the country are managed effectively and yield a higher return on value to all stakeholders in the economy. The primary objective of this study is to study the complex relationships between institutional quality, state of governance, military expenditure, and economic growth in 79 low-income countries over the period 2005-2019. Here, we assess if military spending in these countries contributes positively or negatively to economic growth, in the presence of institutional quality and state of governance variables. We use a panel causality test embedded in the panel vector error-correction model for this purpose. The study shows there are strong endogenous and varied links between the variables in the short run. The long-run links are more straightforward: institutional quality, state of governance, and military spending have a strong impact on the economic growth trajectories of the sample countries. The key policy implications from this study are that policymakers should pursue co-development policies that simultaneously improve institutional quality and state of governance, and allocate military expenditure optimally to ensure long-term economic growth. JEL Classification : O43, O16, E44, E31

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Relevance of oil price, military expenditure and exports to achieve the Saudi Arabian sustainable economic and environmental objectives: a non-linear ARDL approach

Aziz,

Waheed

2023

Environ Sci Pollut Res

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Fighting terrorism in Africa: Complementarity between inclusive development, military expenditure and political stability

Cited by 12 publications

References 105 publications

Analyzing the impact of terrorism on tourism in Sri Lanka

Analyzing the impact of terrorism on tourism in Sri Lanka

Do the state of governance, military expenditure, institutional quality and economic growth have temporal causal links?

Relevance of oil price, military expenditure and exports to achieve the Saudi Arabian sustainable economic and environmental objectives: a non-linear ARDL approach

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