A Good Turn Deserves Another: Political Stability, Corruption and Corruption-Control

Simplice Asongu and Jacinta Nwachukwu ()
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Jacinta Nwachukwu: Coventry University, UK

No 15/039, Research Africa Network Working Papers from Research Africa Network (RAN)

Abstract: We build on existing literature and contemporary challenges to African development to assess the role of political stability in fighting corruption and boosting corruption-control in 53 African countries for the period 1996-2010. We postulate that on the one hand, an atmosphere of political instability should increase the confidence of impunity owing to less corruption-control. On the other hand, in the absence such impunity from corruption, political instability further fuels corruption. Our findings validate both hypotheses. Hence, contrary to a stream of the literature, we establish causal evidence of a positive (negative) nexus between political stability/no violence and corruption-control (corruption). The empirical evidence is based on Generalized Methods of Moments. The findings are robust to contemporary and non-contemporary quantile regressions. The political stability estimates are consistently significant with decreasing (increasing) magnitudes throughout the conditional distributions of corruption (corruption-control). In other words, the positive responsiveness of corruption-control to political stability is an increasing function of corruption-control while the negative responsiveness of corruption to political stability is a decreasing function of corruption. Simply put: a good turn deserves another.

Keywords: Fragility; Corruption; Conflicts; Africa (search for similar items in EconPapers)
JEL-codes: F52 K42 O17 O55 P16 (search for similar items in EconPapers)
Pages: 16
Date: 2015-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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http://publications.resanet.org/RePEc/abh/abh-wpap ... rruption-Control.pdf Revised version, 2015 (application/pdf)

Related works:
Journal Article: A Good Turn Deserves Another: Political Stability, Corruption and Corruption-Control (2015)
Working Paper: A Good Turn Deserves Another: Political Stability, Corruption and Corruption-Control (2015)
Working Paper: A Good Turn Deserves Another: Political Stability, Corruption and Corruption-Control (2015)
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