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

Simplice Asongu () and Jacinta Nwachukwu ()

MPRA Paper from University Library of Munich, Germany

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)
New Economics Papers: this item is included in nep-afr, nep-law and nep-pol
Date: 2015-09
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Published in Economics Bulletin 4.35(2015): pp. 2037-2048

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