Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter?
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 invest...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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SESRIC
2015
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| Online Access: | https://repo.uum.edu.my/id/eprint/18696/1/JECD%2036%202%202015%2063-90.pdf |
| _version_ | 1825804073782214656 |
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| author | Abu, Nurudeen Abd Karim, Mohd Zaini Azman Aziz, Mukhriz Izraf |
| author_facet | Abu, Nurudeen Abd Karim, Mohd Zaini Azman Aziz, Mukhriz Izraf |
| author_sort | Abu, Nurudeen |
| collection | UUM |
| description | 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. |
| first_indexed | 2024-07-04T06:08:25Z |
| format | Article |
| id | uum-18696 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:08:25Z |
| publishDate | 2015 |
| publisher | SESRIC |
| record_format | eprints |
| spelling | uum-186962016-10-03T01:31:55Z https://repo.uum.edu.my/id/eprint/18696/ Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter? Abu, Nurudeen Abd Karim, Mohd Zaini Azman Aziz, Mukhriz Izraf HC Economic History and Conditions 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. SESRIC 2015 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/18696/1/JECD%2036%202%202015%2063-90.pdf 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 http://www.sesric.org/publications-jecd-articles.php?jec_id=95 |
| spellingShingle | HC Economic History and Conditions Abu, Nurudeen Abd Karim, Mohd Zaini Azman Aziz, Mukhriz Izraf Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter? |
| title | Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter? |
| title_full | Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter? |
| title_fullStr | Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter? |
| title_full_unstemmed | Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter? |
| title_short | Low savings rates in the Economic Community of West African States (ECOWAS): Does corruption matter? |
| title_sort | low savings rates in the economic community of west african states ecowas does corruption matter |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/18696/1/JECD%2036%202%202015%2063-90.pdf |
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