UUM Repository | Universiti Utara Malaysian Institutional Repository
FAQs | Feedback | Search Tips | Sitemap

Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter?


Abu, Nurudeen and Abd Karim, Mohd Zaini and Azman Aziz, Mukhriz Izraf (2015) Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter? Journal of Economic Cooperation and Development, 36 (2). pp. 63-90. ISSN 1308-7800

[img] PDF
Restricted to Registered users only

Download (439kB) | Request a copy

Abstract

Although many empirical studies have been conducted on the determinants of savings, little has been done to examine the effect of corruption on savings, particularly in the ECOWAS region.This study employs OLS and TSLS- instrumental variable techniques that take into account random effects to investigate the effect of corruption on savings, in addition to examining whether the effect of corruption on savings, in addition to examining whether the effect of corruption on savings depends on income levels in the ECOWAS from 1996 to 2012.The results illustrate that lower corruption is associated with higher savings, and the effect of corruption on savings decreases with income level.The results suggest that government in ECOWAS should employ effective policies that will reduce corruption to raise saving, and raise incomes to reduce the negative effect of corruption on savings.

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Othman Yeop Abdullah Graduate School of Business
Depositing User: Dr. Mukhriz Izraf Azman Aziz
Date Deposited: 03 Oct 2016 01:31
Last Modified: 03 Oct 2016 01:31
URI: http://repo.uum.edu.my/id/eprint/18696

Actions (login required)

View Item View Item