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Corruption, Political Stability and Economic Growth

Ghulam Shabbir, Mumtaz Anwar () and Shahid Adil
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Ghulam Shabbir: Assistant Professor, Department of Economics, Forman Christian College (A Chartered University) Lahore
Shahid Adil: PhD Scholar, Department of Economics, University of the Punjab, Lahore

The Pakistan Development Review, 2016, vol. 55, issue 4, 689-702

Abstract: 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.

Keywords: Corruption; Economic Growth; Political Stability; Conditional Cooperation (search for similar items in EconPapers)
JEL-codes: C30 D73 O43 P48 (search for similar items in EconPapers)
Date: 2016
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