2021
DOI: 10.2139/ssrn.3806390
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The terrorism-finance nexus contingent on globalisation and governance dynamics in Africa

Abstract: This study empirically verifies the effect of terrorism on financial development and how globalisation and governance modulate the incidence of terrorism on financial development in Africa. Two terrorism indicators are adopted for this study, namely, the: number of terrorism incidences and number of terrorism deaths. The methodology involves the pooled data technique running from 1996-2018 for 34 African countries. The results from the POLS, Driscoll-Kraay and the Newey-West standard error corrections show tha… Show more

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Cited by 10 publications
(7 citation statements)
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“…These can yield net or synergy effects depending on the signs of the direct and interactive effects. In accordance with reliable existing literature on interactive regressions (Tchamyou et al, 2019;Asongu and Nchofoung, 2021), the net effects of resource rents on inclusive human development are computed on the bases of average values of the policy variables. That is CO2, governance and the constituent indicators of the governance variable, notably, control of corruption, voice and accountability, political stability, government effectiveness, rule of law and regulatory quality.…”
Section: Accounting For Transmission Channelsmentioning
confidence: 99%
“…These can yield net or synergy effects depending on the signs of the direct and interactive effects. In accordance with reliable existing literature on interactive regressions (Tchamyou et al, 2019;Asongu and Nchofoung, 2021), the net effects of resource rents on inclusive human development are computed on the bases of average values of the policy variables. That is CO2, governance and the constituent indicators of the governance variable, notably, control of corruption, voice and accountability, political stability, government effectiveness, rule of law and regulatory quality.…”
Section: Accounting For Transmission Channelsmentioning
confidence: 99%
“…This improved access to water will not only decrease the time that students spent per day collecting water and will consequently decrease the school exclusion rate and improve the school performance of students. Given the fact that the sign of the interaction variable is different from the sign of the direct effect (no synergy effect), net effects are therefore necessary according to the contemporary literature (Asongu & Nwachukwu, 2017;Asongu. & Nchofoung, 2021).…”
Section: Resultsmentioning
confidence: 99%
“…The Driscoll-Kraay technique is adopted to account for the problem of cross-sectional dependence identified by the Frees and the Pesaran tests in "Appendix 4 and 5" sections, respectively. The Driscoll-Kraay estimator addresses the concern of potential cross-sectional dependence (Saadi 2020;Asongu and Nchofoung 2021). The study also adopts the Newey-West standard error technique to address problems related to the error term.…”
Section: Methodsmentioning
confidence: 99%