Security, Investment and Economic Growth in Sub-Saharan Africa

Authors

  • Habibou Tapsoba University Ouaga II
  • Pam Zahonogo University Ouaga II
  • Sègbédji Parfait Aïhounhin University Laval

DOI:

https://doi.org/10.33423/jabe.v22i9.3673

Keywords:

Business, Economics, Sub-Saharan Africa, economic growth, FDI, domestic investment, security

Abstract

This paper analyses the relationship between security and economic growth through investment, in 28 countries in Sub-Saharan Africa (SSA). The analysis of this relationship is done using the model of Borensztein et al. (1998) and uses data for the period 1996-2015. Estimation is done by the system generalized method of moments (GMM). The results show that security positively influences the level of economic growth in SSA countries both through domestic investment and Foreign Direct Investment (FDI). The study therefore recommends that policies to support economic growth should incorporate security provisions such as guaranteeing property rights, strengthening the quality of institutions and reducing armed conflict in the area.

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Published

2020-12-03

How to Cite

Tapsoba, H., Zahonogo, P., & Aïhounhin, S. P. (2020). Security, Investment and Economic Growth in Sub-Saharan Africa. Journal of Applied Business and Economics, 22(9). https://doi.org/10.33423/jabe.v22i9.3673

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Section

Articles