Fuel exports, aid and terrorism

Asongu, Simplice A.; Nwachukwu, Jacinta C.

doi:10.1108/mbr-03-2017-0013

Cited by 14 publications

(7 citation statements)

References 89 publications

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“…(i) Wealthy or high income nations have been established to be associated with more resources needed to mitigate the negative externalities of terrorism (Gaibulloev & Sandler, 2009). This is also consistent with a recent stream of literature on the use of foreign aid to mitigate the negative effects associated with terrorism (Asongu & Kodila-Tedika, 2017;Asongu & Nwachukwu, 2017c). The two narratives are connected in the perspective that foreign aid is disbursed by high-income countries to their low-income counterparts.…”

Section: Islam)supporting

confidence: 86%

The Comparative African Economics of Governance in Fighting Terrorism

et al. 2018

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Disclaimer: AFEA Working Papers describe research in progress by the author(s) that has been peer-reviewed and forthcoming in scientific outlets. There is a tacit acknowledgement of anonymous referees for constructive suggestions and critiques that have helped improve the content and rigour of the study. Each research stands on its merit and the views expressed in AFEA Working Papers are those of the author(s) and do not necessarily represent the views of the AFEA, its Executive Board, or AFEA management. AbstractThis study assesses the comparative economics of governance in fighting terrorism in 53 African countries for period 1996-2012. Four terrorism variables are used, namely: domestic, transnational, unclear and total terrorism dynamics. Nine bundled and unbundled governance variables are employed, notably: political stability/no violence, voice & accountability, political governance, government effectiveness, regulation quality, economic governance, corruption-control, the rule of law and institutional governance. The empirical evidence is based on Fixed Effects regressions. In the analytical procedure, we first bundle governance indicators by means of principal component analysis before engaging the empirical exercise with the full sample. In the final step, specifications are based on a decomposed full sample in order to articulate the fundamental characteristics for comparative purposes. The following broad findings are established. First, good governance is an appealing tool in fighting terrorism. Second, the relevance of the good governance dynamics is as follows in order of increasing relevance: economic governance, institutional governance and political governance. The findings are presented in increasing order of magnitude to emphasise fundamental features in which governance dynamics have the highest effect in mitigating terrorism. JEL Classification: C52; D74; F42; O38 ; P37

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Section: Islam)supporting

confidence: 86%

The Comparative African Economics of Governance in Fighting Terrorism

et al. 2018

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“…iWealthy or high income nations have been established to be associated with more resources needed to mitigate the negative externalities of terrorism (Gaibulloev & Sandler, 2009). This is also consistent with a recent stream of literature on the use of foreign aid to mitigate the negative effects associated with terrorism (Asongu & Kodila-Tedika, 2017;Asongu & Nwachukwu, 2017c). The two narratives are connected in the perspective that foreign aid is disbursed by high-income countries to their low-income counterparts.…”

Section: Determination Of Fundamental Characteristicssupporting

confidence: 67%

The Comparative African Economics of Governance in Fighting Terrorism

et al. 2018

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“…The institutional, cultural, political and economic characteristics of different countries and their impact on business activity have received substantial attention in the research (Brouthers, 2013;Cantwell et al, 2010;Luo, 2006). Related research has also focused a great deal on the risks that businesses face including institutional failures, crime, political instability and violence (Asongu and Nwachukwu, 2017;Dai et al, 2016;Darendeli and Hill, 2016;Fatallah, 2017;Henisz et al, 2014;Katsos and Alkafaji, 2017;Oetzel and Getz, 2012;Oh and Oetzel, 2017;Ramos and Ashby, 2017). As international business scholars, we spend a great deal of time focusing on how to protect MNEs from risks, but seldom do we focus on how managers of MNEs might reduce risk at its source and promote peace and stability in countries facing complex challenges.…”

Section: Introductionmentioning

confidence: 99%

Multinational enterprises, risk management, and the business and economics of peace

Oetzel

Miklian

2017

MBR

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Purpose The purpose of this paper is to reconceptualize how managers of multinational enterprises (MNEs) manage risk, particularly in fragile and/or conflict-affected areas of operation. The authors suggest that MNEs consider reducing risk at its source rather than trying to avoid or react to risks as they occur. By incorporating peacebuilding strategies, managers may not only reduce investment risk but also contribute to stability and prosperity in the communities where they operate, and gain a competitive advantage in doing so. Design/methodology/approach The authors show how firms can take a more holistic approach to working in conflict-affected areas. They do so by overlaying conceptualizations of risk with those of peacebuilding and then use case examples to illustrate how such actions work in practice. Findings Using a series of examples, the authors find that MNEs that incorporate peacebuilding frameworks in their risk calculations in complex settings tend to have a better understanding of local environments and how they affect firm operations and profitability. These same MNEs may hold a long-term advantage over international competitors that do not share the same understanding. Originality/value The authors argue that the study of relationships between international businesses and society in conflict-affected or fragile areas of operation is under-developed and tends to focus on negative (risk-aversion) aspects as opposed to positive (value-added) opportunities. This paper offers new ways in which these relationships can be reconceptualized. The authors’ main takeaway is that a peacebuilding approach does not require corporations to be arbitrators of peace at the expense of profit. Rather, it is instead a broader way to conceptualize and weigh risk when working in the world’s most challenging regions. This approach is more likely to be in the long-term interest of both the firm and the local society where the firm operates.

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Fuel exports, aid and terrorism

Abstract: This study employs interactive quantile regressions to assess the conditional role of foreign aid in reducing the potentially negative effect of terrorism on fuel exports in 78 developing

Cited by 14 publications

References 89 publications

The Comparative African Economics of Governance in Fighting Terrorism

The Comparative African Economics of Governance in Fighting Terrorism

The Comparative African Economics of Governance in Fighting Terrorism

Multinational enterprises, risk management, and the business and economics of peace

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