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THE IMPACT OF CORRUPTION ON FINANCIAL DEVELOPMENT IN AFRICA

Abdelbagi Edrees Saied and Mofidh Mohamed Awad-Allah
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Abdelbagi Edrees Saied: Al-Neelain University, Sudan
Mofidh Mohamed Awad-Allah: Al-Neelain University, Sudan

Noble International Journal of Economics and Financial Research, 2020, vol. 5, issue 2, 32-39

Abstract: This study examines the impact of corruption on financial development in 50 African countries during the period 2000 – 2014. The study uses dynamic system GMM estimator because it take care the endogeneity and country-specific-effect problems that may arise in panel data estimation. The results show that control of corruption, bank branches, human capital are highly determine financial development in Africa. The results provide empirical evidence for African policy-makers to introduce polices that aim to lower and to control corruption and to cover large areas by commercial bank branches in addition to invest more in the education of human capital.

Keywords: Corruption; Financial Development; Africa; GMM (search for similar items in EconPapers)
Date: 2020
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