Terrorism and investment in Africa: Exploring the role of military expenditure

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-07-01 DOI:10.18559/ebr.2022.2.6

Chimere O. Iheonu, H. Ichoku

引用次数: 4

Abstract

Abstract The aim of this study is to investigate the influence of military expenditure on the relationship between terrorism and investment in twenty-four African countries for the period 2001 to 2018. The study utilizes fixed effects regression with Driscoll and Kraay standard error and cushions the effect of simultaneity and reverse causality using the lags of the regressors as instruments. The empirical results reveal the negative effect of terrorism on both domestic investment and foreign direct investment (FDI). The study further reveals a negative net effect of military expenditure on the relationship between terrorism and investment. Furthermore, it was discovered that a threshold of 2% to 5% of military expenditure in GDP is required for military expenditure to offset the negative effect of terrorism on FDI. The study recommends that counter-terrorism initiatives be tailored more towards inclusive growth policies, increasing access to education, and improving the quality of governance.

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恐怖主义与非洲投资:探讨军事开支的作用

本研究的目的是调查2001年至2018年24个非洲国家军费开支对恐怖主义与投资关系的影响。本研究利用Driscoll和Kraay标准误差的固定效应回归，并利用回归量的滞后作为工具来缓冲同时性和反向因果关系的影响。实证结果表明，恐怖主义对国内投资和外国直接投资都有负面影响。这项研究进一步揭示了军事开支对恐怖主义与投资之间关系的负净影响。此外，研究发现，军费支出需要达到军费支出占GDP的2%至5%的门槛，才能抵消恐怖主义对外国直接投资的负面影响。该研究建议，反恐举措应更多地适应包容性增长政策、增加受教育机会和提高治理质量。

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

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.