Revisiting the Military Expenditure-Growth Nexus: Does Institutional Quality Moderate the Effect?

被引：4

作者：

Dada, James Temitope ^{[1
]}

Awoleye, Emmanuel Olayemi ^{[2
]}

Arnaut, Marina ^{[3
]}

Al-Faryan, Mamdouh Abdulaziz Saleh ^{[4
]}

机构：

[1] Obafemi Awolowo Univ, Econ, Ife, Nigeria

[2] Hallmark Univ, Econ, Ijebu, Ogun, Nigeria

[3] Univ Dubai, Dubai, U Arab Emirates

[4] Univ Portsmouth, Fac Business & Law, Sch Accounting Econ & Finance, Richmond Bldg,Portland St, Portsmouth PO1 3DE, Hants, England

来源：

PEACE ECONOMICS PEACE SCIENCE AND PUBLIC POLICY | 2023年 / 29卷 / 01期

关键词：

military expenditure; economic growth; institutional quality; Africa; threshold; ECONOMIC-GROWTH; FINANCIAL DEVELOPMENT; DEFENSE; PANEL; CORRUPTION; STATES;

D O I：

10.1515/peps-2022-0027

中图分类号：

D0 [政治学、政治理论];

学科分类号：

0302 ; 030201 ;

摘要：

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.

引用

页码：19 / 42

页数：24

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