The role of inclusive development and military expenditure in modulating the effect of terrorism on governance

Asongu, Simplice A.; Nwachukwu, Jacinta C.; Roux, Sara le

doi:10.1108/jes-11-2017-0343

Cited by 6 publications

(4 citation statements)

References 141 publications

(233 reference statements)

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“…Terrorist activities create vulnerability, uncertainty, and panic in the overall environment of a country (Aslam & Kang, 2015;Asongu et al, 2018) and adversely affect the economy of a country by damaging essential infrastructure, causing financial instability, decreasing the confidence of investors and foreign direct investment (FDI) inflows, and increasing counter-terrorism costs (Aisha & Shehla, 2014;A. Ali, 2010;Bano et al, 2019;X.…”

Section: Introductionmentioning

confidence: 99%

Innovation and Sustainable Development: Does Aid and Political Instability Impede Innovation?

et al. 2020

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Sound innovation capabilities help the nations not only to capture bigger market shares but also to sustain long-term economic growth. Innovation is of vital importance at all stages of a country’s development as it promotes productivity, value creation, employment, economic growth, and sustainability. Several factors can affect the innovation activities of a country. For example, peaceful and stable environment, effective macroeconomic designs, sound institutional quality, and efficient utilization of resources are of great significance for a country to nourish economic, business, and market activities. Applying the Auto Regressive Distributive Lag approach to cointegration, this study investigates the short- and long-run impacts of aid, political instability, and terrorism upon the innovation of a laggard economy, namely, Pakistan. Our findings reveal that aid, political instability, and terrorism all have adverse impacts on innovation. Results across robustness checks remain the same. This study is of strong policy implications for policymakers, governments and opposition parties, and security and intelligence agencies to develop sound macroeconomic designs and policies, bring harmony for political stability, and curb terrorism, respectively.

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Section: Introductionmentioning

confidence: 99%

Innovation and Sustainable Development: Does Aid and Political Instability Impede Innovation?

et al. 2020

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“…The correlation coefficient of 0.99 between the dependent variable (LCAF) and its first lag (L.LCAF) indicates the presence of persistence in the explained variable. Coefficient above 0.8 is an indication that GMM is an appropriate technique (Asongu et al , 2019;Tchamyou and Asongu, 2017; Tchamyou et al , 2019; Blundell and Bond, 1998). When the correlation test produces close to perfect coefficient, then multicollinearity exists.…”

Section: Empirical Results and Discussionmentioning

confidence: 99%

“…This condition was tested and met in this study. This study also followed Asongu et al (2019), Tchamyou and Asongu (2017); Tchamyou et al (2019), Blundell and Bond (1998) to statistically select the apposite variant of the GMM techniques to adopt. Blundell and Bond (1998), Bond and Hoeffler (2001) suggested that to use either the DGMM or the SGMM, both the pooled OLS (POLS) and fixed-effect (FE) model as well as the DGMM should be estimated.…”

Section: Model Specificationmentioning

confidence: 99%

Doing Business and capital flight: role of financial development

Mawutor

Gborse

Sogah

et al. 2021

JFEP

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Purpose The purpose of this paper is to investigate the effect of financial development on the Doing Business and capital flight contagion. And further, this study determines the threshold beyond which financial development reduces capital flight. Design/methodology/approach A two-step system generalized methods of moment empirical model with linear interaction between Doing Business and financial development was estimated. This study used data on 26 countries over 12 years (2004–2015). Findings The main results indicated that, although Doing Business had a significant positive effect on capital flight, the interactive term had a significant adverse effect on capital flight. This outcome suggests that to reduce capital flight, a well-reformed and efficient business environment should be embedded with an efficient, stable and well-developed financial sector. In addition, the authors found only South Africa has a robust financial framework beyond the threshold of 0.383, whereas Congo, Rep., Rwanda, Malawi, Sierra Leone and Congo, Dem. Rep. had the weakest financial system and sector in Sub-Saharan Africa. Research limitations/implications This study recommends that policymakers should initiate policies that would enhance financial development. Originality/value This study’s main contributions are that the authors estimated the threshold beyond which financial development helps the business environment reduce the rate of capital flight. Further, the authors have shown that financial development is a catalyst to propel the deterioration powers of the business environment against capital flight. Also, the authors have estimated the long-run effect of the variables of interest on capital flight.

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“…Against this backdrop, a growing body of literature has focused on investigating tools with which conflicts and terrorism can be attenuated (if not eradicated). Some of the documented mechanisms have encompassed, channels of: education (Brockhoff et al, 2014), especially lifelong learning (Asongu & Nwachukwu, 2016b) and bilingualism (Costa et al, 2008); the rule of law (Choi, 2010); the appealing role of the media and freedom of the press (Hoffman et al, 2013); behavourial motivations underpinning terrorism (Gardner, 2007) and employment of military devices (Feridun & Shahbaz, 2010;Asongu & Amankwah-Amoah, 2018;Asongu et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Can Foreign Aid Dampen the Threat of Terrorism to International Trade? Evidence from 78 Developing Countries

Asongu

Leke

2018

Arthaniti: Journal of Economic Theory and Practice

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Disclaimer: AFEA Working Papers describe research in progress by the author(s) that has been peerreviewed 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. AbstractThe study investigates whether development assistance can be used to crowd-out the negative effect of terrorism on international trade. The empirical evidence is based on a panel of 78 developing countries for the period 1984-2008 and Quantile Regressions. The following main findings are established. First, bilateral aid significantly reduces the negative effect of transnational terrorism on trade in the top quantiles of the trade distribution. Second, multilateral aid also significantly mitigates the negative effect of terrorism dynamics on trade in the top quantiles of the trade distributions. It follows that it is primarily in countries with above median levels of international trade that development assistance can be used as an effective policy tool for dampening the adverse effects of terrorism on trade. Practical implications are discussed. JEL Classification: F40; F23; F35;Q34 ; O40

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The role of inclusive development and military expenditure in modulating the effect of terrorism on governance

Cited by 6 publications

References 141 publications

Innovation and Sustainable Development: Does Aid and Political Instability Impede Innovation?

Innovation and Sustainable Development: Does Aid and Political Instability Impede Innovation?

Doing Business and capital flight: role of financial development

Can Foreign Aid Dampen the Threat of Terrorism to International Trade? Evidence from 78 Developing Countries

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