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

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:eng
eng
Published: 2015
Subjects:
HB Economic Theory
JA Political science (General)
Online Access:https://etd.uum.edu.my/4982/1/s94140.pdf
https://etd.uum.edu.my/4982/2/s94140_abstract.pdf
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abdul Karim, Mohd Zaini
Azman Aziz, Mukhriz Izraf
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
qualification_name Ph.D.
qualification_level Doctorate
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
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2015
url https://etd.uum.edu.my/4982/1/s94140.pdf
https://etd.uum.edu.my/4982/2/s94140_abstract.pdf
_version_ 1747827839792578560
spelling my-uum-etd.49822021-04-04T08:22:47Z The effects of corruption and political instability on saving: The case economic community of West African States 2015 Nurudeen, Abu Abdul Karim, Mohd Zaini Azman Aziz, Mukhriz Izraf Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business 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 https://etd.uum.edu.my/4982/ https://etd.uum.edu.my/4982/1/s94140.pdf text eng public https://etd.uum.edu.my/4982/2/s94140_abstract.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia Adam, A. J., & Agba, A. V. (2006). Conceptual issues on savings in Nigeria. Central Bank of Nigeria Bullion, 30(1), 40-51. Adams, S. (2009). Foreign direct investment, domestic investment, and economic growth in Sub-Saharan Africa. Journal of Policy Modeling, 31, 939-949. Adelakun, O. J. (2011). The nexus of private savings and economic growth in emerging economy: A case of Nigeria. Journal of Economics and Sustainable Development, 2(6), 31-45. Adelman, I., & Morris, C. T. (1968). An econometric model of socio-economic and political change in underdeveloped countries. American Economic Review, 8, 1184-1218. Adewuyi, A. O., Bankole, A. 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