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Military expenditure, terrorism and capital flight: Insights from Africa

1st Person: Asongu, Simplice
Additional Persons: Amankwah-Amoah, Joseph
Type of Publication: Paper
Language: English
Published: African Governance and Development Institute (AGDI) 2016
Series: AGDI Working Paper
Online: http://hdl.handle.net/10419/149942
id
oai_econstor.eu_10419-149942
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Military expenditure, terrorism and capital flight: Insights from Africa
spellingShingle
Military expenditure, terrorism and capital flight: Insights from Africa
Asongu, Simplice
AGDI Working Paper
title_short
Military expenditure, terrorism and capital flight: Insights from Africa
title_full
Military expenditure, terrorism and capital flight: Insights from Africa
title_fullStr
Military expenditure, terrorism and capital flight: Insights from Africa
title_full_unstemmed
Military expenditure, terrorism and capital flight: Insights from Africa
title_sort
Military expenditure, terrorism and capital flight: Insights from Africa
format
electronic Article
format_phy_str_mv
Paper
publisher
African Governance and Development Institute (AGDI)
publishDate
2016
language
English
author
Asongu, Simplice
author2
Amankwah-Amoah, Joseph
author2Str
Amankwah-Amoah, Joseph
description
In spite of the growing consensus of the need to utilise military expenditure to help combat terrorism, our understanding of the threshold at which military expenditure reduces the effect of terrorism stemming from capital flight remains largely underexplored. We employed a panel data of 37 African countries from 1996-2010 and determined that the thresholds are apparent exclusively in Quantile Regressions with military expenditure thresholds ranging from: 4.224 to 5.612 for domestic terrorism, 5.734 to 7.363 for unclear terrorism and 4.710 to 6.617 for total terrorism. No thresholds are apparent in transnational terrorism related regressions. Depending on the terrorist target, the findings broadly show that a critical mass of between 4.224 and 7.363 of military expenditure as a percentage of GDP is needed to reverse the effects of terrorism stemming from capital flight. Implications for public policy are discussed.
url
http://hdl.handle.net/10419/149942
series
AGDI Working Paper
seriesStr
AGDI Working Paper
AGDI Working Paper
series2
AGDI Working Paper
series2_facet
AGDI Working Paper
up_date
2019-07-18T02:50:14.021Z
_version_
1639362847668436995

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