Does corruption matter for economic development? Long run evidence from Bangladesh

Pulok, MH; Ahmed, MU

Does corruption matter for economic development? Long run evidence from Bangladesh

Pulok, MH

Ahmed, MU

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Publication Type:: Journal Article
Citation:: International Journal of Social Economics, 2017, 44 (3), pp. 350 - 361
Issue Date:: 2017-01-01

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Field	Value	Language
dc.contributor.author	Pulok, MH https://orcid.org/0000-0002-9168-5732	en_US
dc.contributor.author	Ahmed, MU	en_US
dc.date.issued	2017-01-01	en_US
dc.identifier.citation	International Journal of Social Economics, 2017, 44 (3), pp. 350 - 361	en_US
dc.identifier.issn	0306-8293	en_US
dc.identifier.uri	http://hdl.handle.net/10453/111928
dc.description.abstract	© Emerald Publishing Limited. Purpose - Despite remarkable economic growth in the last two decades, corruption is a "way of life" in Bangladesh. The purpose of this paper is to investigate the long run relationship between economic development and corruption in Bangladesh over 1984-2013. Design/methodology/approach - This study employs autoregressive distributed lag (ARDL) bounds test method to examine the long run relationship or cointegration between corruption and per capita real GDP in Bangladesh using annual time series data. International Country Risk Guide's (ICRG) corruption index is used as the proxy to measure the degree of corruption. Findings - The results of ARDL bounds test confirm that there exists a long run association between corruption and economic development in Bangladesh. Findings from the long run estimation provide evidence of negative impact of corruption on economic development. The negative value of the error correction term in the short model reinforces the existence of long run relationship. Originality/value - Using multivariate time series approach, this paper contributes to corruption literature by investigating the long run relation between corruption and economic development in Bangladesh. Bangladesh would be able to accelerate its economic development further by reducing the level of corruption through institutional reforms and raising public awareness. Most importantly, government should focus on identifying and abolishing laws and programmes promoting corruption.	en_US
dc.relation.ispartof	International Journal of Social Economics	en_US
dc.relation.isbasedon	10.1108/IJSE-05-2015-0132	en_US
dc.subject.classification	General Arts, Humanities & Social Sciences	en_US
dc.title	Does corruption matter for economic development? Long run evidence from Bangladesh	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	44	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1499 Other Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (International)
utslib.copyright.status	closed_access
pubs.issue	3	en_US
pubs.publication-status	Published	en_US
pubs.volume	44	en_US

Abstract:

© Emerald Publishing Limited. Purpose - Despite remarkable economic growth in the last two decades, corruption is a "way of life" in Bangladesh. The purpose of this paper is to investigate the long run relationship between economic development and corruption in Bangladesh over 1984-2013. Design/methodology/approach - This study employs autoregressive distributed lag (ARDL) bounds test method to examine the long run relationship or cointegration between corruption and per capita real GDP in Bangladesh using annual time series data. International Country Risk Guide's (ICRG) corruption index is used as the proxy to measure the degree of corruption. Findings - The results of ARDL bounds test confirm that there exists a long run association between corruption and economic development in Bangladesh. Findings from the long run estimation provide evidence of negative impact of corruption on economic development. The negative value of the error correction term in the short model reinforces the existence of long run relationship. Originality/value - Using multivariate time series approach, this paper contributes to corruption literature by investigating the long run relation between corruption and economic development in Bangladesh. Bangladesh would be able to accelerate its economic development further by reducing the level of corruption through institutional reforms and raising public awareness. Most importantly, government should focus on identifying and abolishing laws and programmes promoting corruption.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/111928