Political Economy of Growth Effects of Defense Expenditure in Nigeria

Ukwueze, Ezebuilo R. and Urama, Chinasa E. and Asogwa, Henry T. and Ogbonna, Oliver E. Political Economy of Growth Effects of Defense Expenditure in Nigeria. Godfrey Okoye University.

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National security is as important as the existence of a nation. Nigeria has witnessed consistent rise in defense expenditure, with attendant opportunity costs. Internal threats have contributed immensely to the rise in defense expenditure as proliferation of arms and uprising of different ethno-rival groups and incipient militancy and insurgency have created insecurity in the country. Similar pressure and general insecurity has been intensified by increasing spate of kidnapping, politically motivated killings, ethnoreligious uprisings, and terrorist web-like war by the Boko Haram sect. It is expedient to investigate the political motivation behind the military expenditure rise. This study is poised to estimate the politicoeconomic determinants of military expenditure in Nigeria using unrestricted VAR model for estimation. The data were sourced from World Bank’s WDI, ICRG data, transparency international and SIPRI data, using Stata 13 software. The results show that ethnic violence, index of corruption, quality of governance, population growth, freedom from corruption affect military expenditure. The authors recommend that improved quality of governance will reduce corruption, ethnic violence, and improve welfare.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 02 May 2019 09:00
Last Modified: 02 May 2019 09:00
URI: http://eprints.gouni.edu.ng/id/eprint/1414

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