Economics at your fingertips  

Geographic Endowment, Corruption, and Economic Development

Sazzadul Arefin ()

Business and Economic Research, 2019, vol. 9, issue 1, 1-32

Abstract: Corruption plays an important role in determining the effectiveness and quality of the institution, and growth. This paper investigates the linkage between corruption, various measures of geographical endowments and economic growth. I use corruption as a proxy for institutional quality and try to solve the endogeneity problem by Instrumental Variable approach as 2SLS for panel data for a sample of 192 countries and showed that corruption matters for economic growth. The results indicate that graphical endowments explain cross-country variation in economic development through their effect on corruption even when I control for other historical and cultural factors. Thus, when considering making policy for developing or developed countries much attention should be paid to this fact.

Keywords: Economic Development; Corruption; Geographic Endowment; Two Stage Least Square (2SLS) (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Business and Economic Research is currently edited by Daisy Young

More articles in Business and Economic Research from Macrothink Institute
Bibliographic data for series maintained by Technical Support Office (). This e-mail address is bad, please contact .

Page updated 2019-10-18
Handle: RePEc:mth:ber888:v:9:y:2019:i:1:p:1-32