Artikel
Corruption, political instability and economic development in the Economic Community of West African states (ECOWAS): Is there a causal relationship?
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.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Contemporary Economics ; ISSN: 2084-0845 ; Volume: 9 ; Year: 2015 ; Issue: 1 ; Pages: 45-60 ; Warsaw: Vizja Press & IT
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
Corruption
Political instability
Economic development
ECOWAS
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Abu, Nurudeen
Karim, Mohd Zaini Abd
Aziz, Mukhriz Izraf Azman
- Ereignis
-
Veröffentlichung
- (wer)
-
Vizja Press & IT
- (wo)
-
Warsaw
- (wann)
-
2015
- DOI
-
doi:10.5709/ce.1897-9254.159
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Abu, Nurudeen
- Karim, Mohd Zaini Abd
- Aziz, Mukhriz Izraf Azman
- Vizja Press & IT
Entstanden
- 2015
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