Corruption, Political Stability and Economic Growth

Ghulam Shabbir, Mumtaz Anwar and Shahid Adil
Additional contact information
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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.pide.org.pk/pdf/PDR/2016/Volume4/689-702.pdf (application/pdf)

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: https://EconPapers.repec.org/RePEc:pid:journl:v:55:y:2016:i:4:p:689-702

Access Statistics for this article

More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Bibliographic data for series maintained by Khurram Iqbal ().