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The role of corruption in natural resource-financial development Nexus: evidence from MENA region

This paper contributes to the literature on resource curse by investigating the impact of natural resource abundance on financial development while accounting for the interactive effect of natural resources and corruption in 11 resource-rich MENA countries over the period of 1987 to 2015. Using pool...

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Main Authors: Chebab, Daouia, Mazlan, Nur Syazwani, Rabbani, Mustafa Raza, Chin, Lee, Ogiri, Ibrahim Aishatu
Format: Article
Published: Faculty of Business and Economics, University of Malaya 2022
Online Access:http://psasir.upm.edu.my/id/eprint/103722/
https://ijie.um.edu.my/index.php/ijie/about
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spelling my.upm.eprints.1037222023-04-13T07:00:23Z http://psasir.upm.edu.my/id/eprint/103722/ The role of corruption in natural resource-financial development Nexus: evidence from MENA region Chebab, Daouia Mazlan, Nur Syazwani Rabbani, Mustafa Raza Chin, Lee Ogiri, Ibrahim Aishatu This paper contributes to the literature on resource curse by investigating the impact of natural resource abundance on financial development while accounting for the interactive effect of natural resources and corruption in 11 resource-rich MENA countries over the period of 1987 to 2015. Using pooled mean group (PMG) estimation technique, our results show that abundance of natural resource weakens the pace of financial development in countries with high level of corruption. Thus, resource rich countries in the MENA region will boost the level of financial development through minimising the degree of corruption in their financial sectors. Therefore, policymakers should control the corruption, which plays a significant role to mitigate the adverse effect of natural resources on financial development. This is through building strong institutions, which help to check corruption, enhancing rule of law and protecting investors. Our results are consistent and robust to alternative measures of natural resource abundance and financial development. Faculty of Business and Economics, University of Malaya 2022 Article PeerReviewed Chebab, Daouia and Mazlan, Nur Syazwani and Rabbani, Mustafa Raza and Chin, Lee and Ogiri, Ibrahim Aishatu (2022) The role of corruption in natural resource-financial development Nexus: evidence from MENA region. Institutions and Economies, 14 (2). pp. 1-29. ISSN 2232-1640; ESSN: 2232-1349 https://ijie.um.edu.my/index.php/ijie/about 10.22452/IJIE.vol14no2.1
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description This paper contributes to the literature on resource curse by investigating the impact of natural resource abundance on financial development while accounting for the interactive effect of natural resources and corruption in 11 resource-rich MENA countries over the period of 1987 to 2015. Using pooled mean group (PMG) estimation technique, our results show that abundance of natural resource weakens the pace of financial development in countries with high level of corruption. Thus, resource rich countries in the MENA region will boost the level of financial development through minimising the degree of corruption in their financial sectors. Therefore, policymakers should control the corruption, which plays a significant role to mitigate the adverse effect of natural resources on financial development. This is through building strong institutions, which help to check corruption, enhancing rule of law and protecting investors. Our results are consistent and robust to alternative measures of natural resource abundance and financial development.
format Article
author Chebab, Daouia
Mazlan, Nur Syazwani
Rabbani, Mustafa Raza
Chin, Lee
Ogiri, Ibrahim Aishatu
spellingShingle Chebab, Daouia
Mazlan, Nur Syazwani
Rabbani, Mustafa Raza
Chin, Lee
Ogiri, Ibrahim Aishatu
The role of corruption in natural resource-financial development Nexus: evidence from MENA region
author_facet Chebab, Daouia
Mazlan, Nur Syazwani
Rabbani, Mustafa Raza
Chin, Lee
Ogiri, Ibrahim Aishatu
author_sort Chebab, Daouia
title The role of corruption in natural resource-financial development Nexus: evidence from MENA region
title_short The role of corruption in natural resource-financial development Nexus: evidence from MENA region
title_full The role of corruption in natural resource-financial development Nexus: evidence from MENA region
title_fullStr The role of corruption in natural resource-financial development Nexus: evidence from MENA region
title_full_unstemmed The role of corruption in natural resource-financial development Nexus: evidence from MENA region
title_sort role of corruption in natural resource-financial development nexus: evidence from mena region
publisher Faculty of Business and Economics, University of Malaya
publishDate 2022
url http://psasir.upm.edu.my/id/eprint/103722/
https://ijie.um.edu.my/index.php/ijie/about
_version_ 1763298008851546112
score 13.211869

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