All books bought on the website can only be read on the app. Download Jackobian to have access to your materials
Sub Saharan African (SSA) countries are
ranked low below 40 out of 100 when
compared with other regions in terms of
institutional quality. These institutional
qualities include voice and accountability,
perception of corruption, regulatory quality,
rule of law etc. These factors measure
government’s response to public demand.
Institutions are seen as the driving force of
any economy. They dictate how the economy
is organized. North America and Europe have
very high ranking in institutional quality.
SSA countries have an average of less than
40 in institutional quality (International
Country Risk Guide. This suggests that for
SSA, these institutions are not in tandem with
other region. This study examined the
influence of institutional determinants of
defense expenditure in Sub-Saharan Africa
(SSA) countries. The study period covered
the year 2000 to 2015. The Generalized method of moments was used as the
econometric technique for estimation.
Variables such as previous defense spending,
rule of law, political stability, and
government effectiveness were used. The
findings revealed that institutional factors
such as past defense spending, government
effectiveness, rule of law and political
stability were statistically significant. The
study therefore recommends that policy
makers should allow institutions to work so
as to avoid wasteful spending by the
governments in SSA countries.
