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The effects of corruption and political instability on saving: The case economic community of West African States

Despite the abundant research on savings and its determinants, little has been done to examine the effects of corruption and political instability on savings, particularly in the Economic Community of West African States (ECOWAS), one of the most corrupt and politically unstable regions in the world...

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Main Author: Nurudeen, Abu
Format: Thesis
Language:English
English
Published: 2015
Subjects:
HB Economic Theory
JA Political science (General)
Online Access:http://etd.uum.edu.my/4982/
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spelling my.uum.etd.49822021-04-04T08:22:47Z http://etd.uum.edu.my/4982/ The effects of corruption and political instability on saving: The case economic community of West African States Nurudeen, Abu HB Economic Theory JA Political science (General) Despite the abundant research on savings and its determinants, little has been done to examine the effects of corruption and political instability on savings, particularly in the Economic Community of West African States (ECOWAS), one of the most corrupt and politically unstable regions in the world. The objectives of this study include investigating the effects of corruption and political instability on savings, in addition to examining whether the effects of corruption and political instability on savings depend on income levels in the ECOWAS from 1996 to 2012. Using the Panel Corrected Standard Error (PCSE) and the Two Stage Least Squares (TSLS) instrumental variables techniques that take into account random effects, the results indicate that lesser corruption and higher political stability have a significant and positive effect on savings, and the effects of corruption and political instability on savings depend on income levels. These suggest that at high income levels, the negative impact of corruption and political instability on savings is lower, but at low income levels, the negative impact of corruption and political instability on savings is higher in the ECOWAS. In addition, income level, income growth, real interest rate and inflation rate have positive and significant effects on savings. However, the percentage share of agriculture in Gross Domestic Product (GDP) has a negative effect on savings. The study recommends policies to reduce corruption and political instability to raise savings. In addition, raising incomes would reduce the adverse effects of corruption and political instability on savings and also raise savings in the ECOWAS 2015 Thesis NonPeerReviewed text en /4982/1/s94140.pdf text en /4982/2/s94140_abstract.pdf Nurudeen, Abu (2015) The effects of corruption and political instability on saving: The case economic community of West African States. PhD. thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HB Economic Theory
JA Political science (General)
spellingShingle HB Economic Theory
JA Political science (General)
Nurudeen, Abu
The effects of corruption and political instability on saving: The case economic community of West African States
description Despite the abundant research on savings and its determinants, little has been done to examine the effects of corruption and political instability on savings, particularly in the Economic Community of West African States (ECOWAS), one of the most corrupt and politically unstable regions in the world. The objectives of this study include investigating the effects of corruption and political instability on savings, in addition to examining whether the effects of corruption and political instability on savings depend on income levels in the ECOWAS from 1996 to 2012. Using the Panel Corrected Standard Error (PCSE) and the Two Stage Least Squares (TSLS) instrumental variables techniques that take into account random effects, the results indicate that lesser corruption and higher political stability have a significant and positive effect on savings, and the effects of corruption and political instability on savings depend on income levels. These suggest that at high income levels, the negative impact of corruption and political instability on savings is lower, but at low income levels, the negative impact of corruption and political instability on savings is higher in the ECOWAS. In addition, income level, income growth, real interest rate and inflation rate have positive and significant effects on savings. However, the percentage share of agriculture in Gross Domestic Product (GDP) has a negative effect on savings. The study recommends policies to reduce corruption and political instability to raise savings. In addition, raising incomes would reduce the adverse effects of corruption and political instability on savings and also raise savings in the ECOWAS
format Thesis
author Nurudeen, Abu
author_facet Nurudeen, Abu
author_sort Nurudeen, Abu
title The effects of corruption and political instability on saving: The case economic community of West African States
title_short The effects of corruption and political instability on saving: The case economic community of West African States
title_full The effects of corruption and political instability on saving: The case economic community of West African States
title_fullStr The effects of corruption and political instability on saving: The case economic community of West African States
title_full_unstemmed The effects of corruption and political instability on saving: The case economic community of West African States
title_sort effects of corruption and political instability on saving: the case economic community of west african states
publishDate 2015
url http://etd.uum.edu.my/4982/
_version_ 1696978272397557760
score 13.211869

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