Investigating the nature of the correlation between the level of corruption and economic growth, is corruption always an inhibitor of economic growth?
Date
2018
Authors
Nkwe, Selemo
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Abstract
This research investigates the nature of the correlation between the level of corruption and
economic growth across 211 countries over the period from 1996 to 2006. With this
intention, initially it reviews the conventional argument on corruption being regarded as an
inhibitor of economic growth. This research also aims to investigate whether there are
countries which exhibit good economic growth despite the presence of high levels of
corruption. If so, are there other factors which may explain the presence of economic growth
in these outlier countries? The findings clearly highlight that there are countries that exhibit
good economic growth despite the presence of high levels of corruption. The findings also
revealed that there are other factors that may contribute to economic growth despite the
presence of high levels of corruption in these outlier countries. These other factors include
trade openness, foreign direct investment and government spending. Thus, it appears that
corruption is not always necessarily a factor that reduces economic growth in all contexts
Description
This Research Report is submitted in partial fulfillment towards the degree of Master of Arts (MA) in International Relations in University of the Witwatersrand, Johannesburg.
June 2018
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Citation
Nkwe, Selemo (2018) Investigating the nature of the correlation between the level of corruption and economic growth:is corruption always an inhibitor of economic growth? University of the Witwatersrand, Johannesburg, <http://hdl.handle.net/10539/26906>