National Security, Economic Growth and Development

A Quantitative-Empirical Synthesis Perspective

Abstract

The article investigated, examined, and analysed the nexus between national security, economic growth, and the processes of development with Ghana’s experience spanning 2000 to 2020 as the main thrust of inquiry. The study applied a quantitative approach and/or methodology with a number of statistical techniques and methods as part of its design. These includes multiple regression analysis, Generalized Method of Moments (GMM), Breusch and Pagan test; Wooldridge test for autocorrelation in panel data; Pesaran and Hausman test are applied as part of the research design. The article applied a quantitative approach with Whilst national security presents a negative effect, foreign investment, and trade records a positive impact on the country’s processes of economic growth and development. In investigating and examining the core existing question as to the trade-off between national security and development; and/or, is the processes of economic development possible without a corresponding comprehensive national security, among others, the article recommends a balanced growth approach to a comprehensive national security framework and the processes of economic growth and development. National security, economic growth and development are mutually intertwined; security is a pre-condition for ensuring economic growth as much as economic growth and development are the pre-conditions for national security.