Corruption and financial sector performance: A cross-country analysis

Naved Ahmad and Shahid Ali ()
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Shahid Ali: Institute of Business Administration (IBA), Karachi

Economics Bulletin, 2010, vol. 30, issue 1, 303-308

Abstract: In this paper we explore the effects of corruption on financial sector performance for a sample of 38 developed and developing economies for the period 1995-2005. Using system-GMM technique our results demonstrate that corruption undermines the efficacy of a developed financial sector. Governments, therefore, should control corruption and to improve financial sector performance in order to increase the likelihood of economic growth and prosperity.

Keywords: Transparency International Corruption Perceptions index; financial Sector Performance; Domestic Credit; and Panel Estimation. (search for similar items in EconPapers)
JEL-codes: G0 O1 (search for similar items in EconPapers)
Date: 2010-01-21
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Citations: View citations in EconPapers (11)

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