Corruption, Political Stability and Economic Growth

This paper gives insight of the role of political stability in investigating the two competing hypotheses in Developing Eight Muslim countries, and also investigates whether conditional liaison between corruption and political stability matters or not. The empirical findings indicate that investment...

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Bibliographic Details
Published in:Pakistan development review 2016-12, Vol.55 (4), p.689-702
Main Authors: Shabbir, Ghulam, Anwar, Mumtaz, Adil, Shahid
Format: Article
Language:English
Subjects:
Bureaucracy
Corruption
Developing countries
Economic aspects
Economic development
Economic growth
Economic models
Efficiency
GOVERNANCE, INSTITUTIONAL REFORMS AND MODERNISATION OF THE PUBLIC SECTOR
Human rights
Hypotheses
Islamic countries
LDCs
Liaison
Political aspects
Political corruption
Political economy
Politics
Property rights
Transfer of funds
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Summary:This paper gives insight of the role of political stability in investigating the two competing hypotheses in Developing Eight Muslim countries, and also investigates whether conditional liaison between corruption and political stability matters or not. The empirical findings indicate that investment, population and political stability play positive role in promoting economic growth. Corruption not only impact growth but also influenced by the institutional quality that a nation experiences. Corruption acts as sands in the wheels in the nations having higher degree of political stability, and greases the wheels in less politically stable countries such as Nigeria and Pakistan. Thus, political stability is conducive to growth, as it reduces the social unrests, political turmoil, and encourages investment, and there by economic growth.
ISSN:0030-9729
DOI:10.30541/v55i4i-iipp.689-702