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Autor
Abu Nurudeen (Universiti Utara Malaysia, Malaysia), Karim Mohd Zaini Abd (Universiti Utara Malaysia, Malaysia)
Tytuł
Corruption, Political Instability and Economic Development in the Economic Community of West African States (ECOWAS): Is There a Causal Relationship?
Źródło
Contemporary Economics, 2015, vol. 9, nr 1, s. 45-60, rys., tab., bibliogr. 81 poz.
Słowa kluczowe
Korupcja, Rozwój gospodarczy, Studium przypadku
Corruption, Economic development, Case study
Uwagi
summ.
Firma/Organizacja
Wspólnota Gospodarcza Państw Afryki Zachodniej (ECOWAS)
Abstrakt
Despite the abundant research on economic development, corruption and political instability, little research has attempted to examine whether there is a causal relationship among them. This paper examines the causal relationship among corruption, political instability and economic development in the ECOWAS using the Granger causality test within a multivariate cointegration and error-correction framework for the 1996-2012 period. The findings indicate that political instability Granger-causes economic development in the short term, while political instability and economic development Granger-cause corruption in the long term. In addition, we employed the forecast error variance decomposition and impulse response function analyses to investigate the dynamic interaction between the variables. The results demonstrate positive unidirectional Granger causality from political instability to economic development in the short term and positive unidirectional Granger causality from political instability and economic development to corruption in the long term in ECOWAS countries. Thus, ECOWAS governments should employ policies to promote political stability in the region.(original abstract)
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Bibliografia
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Cytowane przez
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ISSN
2084-0845
Język
eng
URI / DOI
http://dx.doi.org/10.5709/ce.1897-9254.159
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