Corruption, property rights and economic growth in Africa: empirical evidence from natural resource rich countries

Dramane Abdoulaye ()
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Dramane Abdoulaye: Laboratory of Economic and Management Research - University of Parakou

Economics Bulletin, 2022, vol. 42, issue 4, 2117 - 2134

Abstract: Corruption and property rights have long been considered taboo subjects or even areas outside the scope of economic analysis. Today, corruption and property rights are increasingly emerging as central issues in development economics. The objective of this article is to analyse the relationship between corruption, property rights and economic growth from African natural resource rich countries. Thus, a VAR model is estimated on a panel of twenty-two countries over the period 2000-2017. The results show that corruption has a positive effect on economic growth, while economic growth has no effect on corruption. Property rights promote economic growth, while economic growth does not contribute to protecting property rights. Corruption has a negative effect on property rights, while property rights have no significant effect on corruption. The findings of the study suggest the need to step up the fight against corruption by strengthening the quality of institutions and the protection of property rights that promote strong and sustainable economic growth and better management of natural resources in these countries.

Keywords: Corruption; Property rights; Economic growth; Natural resource; Africa (search for similar items in EconPapers)
JEL-codes: O1 O4 (search for similar items in EconPapers)
Date: 2022-12-30
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