Authors :
Oumarou Bobbo
Volume/Issue :
Volume 9 - 2024, Issue 12 - December
Google Scholar :
https://tinyurl.com/2s36s8vw
Scribd :
https://tinyurl.com/4352u4x7
DOI :
https://doi.org/10.5281/zenodo.14505579
Abstract :
This study aims to examine the effects of
military spending on inclusive growth in central african
countries. The paper uses a sample of 6 CEMAC
countries from different sources (WDI and WGI
databases) for the period 1990-2022 to carry out the
analysis. Using the instrumental variables (IV) method,
we establish the causal link between military spending
and inclusive growth, demonstrating that the latter
exerts a negative and significant effect on inclusive
growth in the CEMAC region. To consolidate these
findings, we subjected our results to a robustness test
using the GMM estimation method, thus confirming the
negative effect of military spending on inclusive growth
in the CEMAC zone. In view of these findings, Central
African countries need to improve the quality of their
institutions. Based on these findings, a few non-
exhaustive policy suggestions can be made to promote
inclusive growth in Africa.
Keywords :
Military Spending, Inclusive Growth, CEMAC, IV, GMM.
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This study aims to examine the effects of
military spending on inclusive growth in central african
countries. The paper uses a sample of 6 CEMAC
countries from different sources (WDI and WGI
databases) for the period 1990-2022 to carry out the
analysis. Using the instrumental variables (IV) method,
we establish the causal link between military spending
and inclusive growth, demonstrating that the latter
exerts a negative and significant effect on inclusive
growth in the CEMAC region. To consolidate these
findings, we subjected our results to a robustness test
using the GMM estimation method, thus confirming the
negative effect of military spending on inclusive growth
in the CEMAC zone. In view of these findings, Central
African countries need to improve the quality of their
institutions. Based on these findings, a few non-
exhaustive policy suggestions can be made to promote
inclusive growth in Africa.
Keywords :
Military Spending, Inclusive Growth, CEMAC, IV, GMM.