New insights into the impact of global security on economic growth: The case of Tunisia
International Journal of Social Economics
ISSN: 0306-8293
Article publication date: 4 July 2023
Issue publication date: 9 January 2024
Abstract
Purpose
This paper provides a new empirical evidence of the impact of Global security on economic growth in Tunisia. Like Buzan (1991), the framework used four types of security: army security, economic security, social security, and political security.
Design/methodology/approach
The authors examine the multidimensionality of global security using ARDL-based cointegration bound tests. The model allows also for examining the long-run/short-run impacts of global security indicators on economic growth.
Findings
The proposed methodology revealed interesting results that may raise some potentially prominent policy implications. First, the findings show that the four security indicators have a significant impact on economic growth. In particular, from a social/political security point of view, the fundamental objective is to satisfy the needs of the poorest population, to limit the effect of social demands and protests on economic and political stability, to review the subsidy principle and aid policy to the poorest families, for greater efficiency and social equity.
Originality/value
The study highlights that global security is no longer a question of just army and defense, but it is also a question of equity, economic, social, and political development. These results call for the policymaker to adopt a strategy that reduces regional disparities and social inequalities and this through fairly distributing financial wealth for the benefit of marginalized populations.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-02-2023-0082
Keywords
Citation
Jmaii, A. and Zaafouri, N. (2024), "New insights into the impact of global security on economic growth: The case of Tunisia", International Journal of Social Economics, Vol. 51 No. 1, pp. 18-30. https://doi.org/10.1108/IJSE-02-2023-0082
Publisher
:Emerald Publishing Limited
Copyright © 2023, Emerald Publishing Limited