The Role of Institutional Quality in Military Spending and Unemployment Nexus in Nigeria

IF 1.7 Q2 POLITICAL SCIENCE

Peace Economics Peace Science and Public Policy Pub Date : 2022-05-01 DOI:10.1515/peps-2022-0006

I. Raifu, E. O. Obijole, O. Nnadozie

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引用次数: 4

Abstract

Abstract This paper adopts the Autoregressive Distributed Lag (ARDL) estimation method to investigate the moderating role of institutional quality in military spending and the unemployment rate nexus in Nigeria for the period from 1984 to 2019. It also tests the direction of causality between military spending and unemployment using the Toda-Yamamoto Granger non-causality method. The causality results show that the direction of causality depends on the measure of military spending used. The main results indicate that military spending only reduces unemployment in the short run and worsens unemployment in the long run. The results further show that institutional quality does not play any significant moderating role in the relationship between military spending and unemployment. Based on our findings, we advocate that the government should allocate its expenditure properly, especially to the most productive sectors of the economy instead of increasing military spending that has no long-run effect on unemployment. Besides, the government needs to strengthen the institutional apparatuses in the country.

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机构质量在尼日利亚军费开支和失业关系中的作用

摘要本文采用自回归分布滞后(ARDL)估计方法，研究了1984 - 2019年尼日利亚制度质量对军费开支和失业率关系的调节作用。运用Toda-Yamamoto Granger非因果关系方法检验了军费支出与失业之间的因果关系方向。因果关系结果表明，因果关系的方向取决于所使用的军费开支的度量。主要结果表明，军费开支只在短期内减少失业，在长期内加剧失业。结果进一步表明，制度质量在军费支出与失业的关系中没有显著的调节作用。根据我们的研究结果，我们主张政府应该合理分配其支出，特别是分配给经济中最具生产力的部门，而不是增加对失业没有长期影响的军事开支。此外，政府需要加强国家的制度机构。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Peace Economics Peace Science and Public Policy POLITICAL SCIENCE-

CiteScore

2.50

自引率

10.00%

发文量

期刊介绍： The journal accepts rigorous, non-technical papers especially in research methods in peace science, but also regular papers dealing with all aspects of the peace science field, from pure abstract theory to practical applied research. As a guide to topics: - Arms Control and International Security - Artificial Intelligence and Cognitive Studies - Behavioral Studies - Conflict Analysis and Management - Cooperation, Alliances and Games - Crises and War Studies - Critical Economic Aspects of the Global Crises - Deterrence Theory - Empirical and Historical Studies on the Causes of War - Game, Prospect and Related Theory - Harmony and Conflict - Hierarchy Theory