Growth and Fiscal Effects of Terrorism in Nigeria

Richardson Kojo Edeme, Chigozie Nelson Nkalu

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Abstract In addition to their effects on economic growth, prolonged terrorist activities can reduce government revenue. Apart from the destruction of physical infrastructure and human capital, terrorism also has lagged-effect on investment, which ultimately dampens the fiscal position and further affects the economic growth. This chapter is devoted to the discussion on the interaction between terrorism, growth, and fiscal variables in Nigeria using real per capita income, government revenue, government expenditure and defense expenditure. The findings show that terrorism is associated with low economic growth which has the potency to reduce government expenditure. It was also observed that government expenditure can be improved by fostering government revenue. In view of this, apart from domestic efforts, interventions of international communities are further needed to reduce the drastic effects of terrorism, especially in meeting and improving expenditure on growth-enhancing sectors.
Original languageEnglish
Title of host publicationThe Impact of Global Terrorism on Economic and Political Development
EditorsRamesh Chandra Das
PublisherEmerald Group Publishing Limited
Pages293-306
Number of pages14
ISBN (Electronic)978-1-78769-919-9
ISBN (Print)978-1-78769-920-5
DOIs
Publication statusPublished - 13 May 2019

Keywords

  • Boko Haram
  • defense expenditure
  • fiscal effect
  • government revenue
  • growth effect
  • per capita income
  • terrorism

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