The Association between Corruption and Globalization in African Countries

Authors : Julide Yalçınkaya KOYUNCU, Mustafa ÜNVER

Pages : 20-28

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Publication Date : 2017-12-01

Article Type : Research Paper

Abstract :Corruption has been one of the most debated issues in the social science literature for decades. It has negative outcomes in economics such as: reducing private sector investments, tax revenue, economic growth and development; deterring foreign direct investments; causing misallocation of sparse resources; lowering the resources allocated for infrastructure, public services and anti-poverty programs; deteriorating environmental quality etc... Moreover, it may weaken political stability and democracy of a country. Because of its destructive effects, there are ample studies in the literature trying to identify determinants of corruption. Besides the already identified determinants of corruption insert ignore into journalissuearticles values(e.g., trade openness, bureaucratic inefficiency, rule of law, political rights, religion, democracy, freedom, political stability, poverty, education etc.);, globalization level of a country may also affect corruption level in that particular country. Hence in this study we analyze the impact of globalization insert ignore into journalissuearticles values(i.e., over all globalization, economic globalization, social globalization, and political globalization); on corruption in a panel framework for African countries. Our results imply that over all globalization, economic globalization, and social globalization reduce corrupt activities in an economy.
Keywords : Corruption, Economic Globalization, Social Globalization, Poltical Globalization, Panel Data, African Countries