J. Dada, E. O. Awoleye, M. Arnaut, Mamdouh Abdulaziz Saleh Al-Faryan
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引用次数: 1
Abstract
Abstract The purpose of this study is to examine the moderating role and threshold level of institutional quality in the nexus between military expenditure and economic growth for a panel of 31 African nations. The results reveal that military expenditure negatively influences growth, while institutional quality positively affects growth. The interactive term of institutional quality and military expenditure significantly positively influence economic growth. However, the threshold level of institutional quality for military expenditure to translate into economic growth in the region is found to be 4.61 on an ordinary scale of 0–10, although most countries operate below the threshold point of institutional quality. The study concludes that strong institutional quality serves as important absorptive capacity for military expenditure to drive economic growth in the region.
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
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