Military expenditure reduces the negative effect of terrorism on economic growth

By Chimere Iheonu, Research Associate, Centre for the Study of the Economies of Africa, Abuja, Nigeria, University of Nigeria

In a number of African countries, terrorism has become a major challenge to socioeconomic development. This has spurred research on the extent to which terrorism affects economic growth. But an area that’s been less examined is the influence of military expenditure on the relationship between terrorism and economic growth in Africa.

Let’s take two examples: Nigeria and Somalia. These two countries are among the most prominent cases of insurgencies and acts of terrorism…

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