Affiliation:
1. University of Professional Studies, Accra, Ghana
2. The Hong Kong Polytechnic University, Hong Kong
3. Dhofar University, Oman
Abstract
Political stability is a cornerstone for societal well-being and economic development, serving as a foundation for effective governance. A stable political environment provides a sense of security and assurance to citizens, fostering social cohesion and a conducive atmosphere for individual and community welfare. This study investigates the dynamics of political stability in Sub-Saharan Africa by analyzing the impact of corruption and government military expenditure. Utilizing data spanning from 2000 to 2020 from 33 countries, the research reveals that political stability is positively influenced by corruption control, suggesting that effective anti-corruption measures contribute to stability. Conversely, the study finds a negative and significant relationship between government military expenditure and political stability, emphasizing the need for rationalizing defense budgets. Surprisingly, economic growth is found to have an insignificant effect on political stability.