Corruption, property rights and economic growth in Sub-Saharan Africa
DOI:
https://doi.org/10.18559/rielf.2024.1.1634Keywords:
corruption, property rights, economic growth, AfricaAbstract
Purpose: The objective of this article is to analyze the relationship between corruption, property rights and economic growth in sub-Saharan African countries.
Design/methodology/approach: The model used in this work is inspired by Aziz and Asadullah (2016) and Walid and Kais (2019), whose theoretical basis is the Cobb-Douglas production function, which includes two major components, namely labor and capital and other institutional factors. Thus, the analysis of the interaction between property rights, corruption and economic growth is carried out using a panel VAR model.
Findings: The results show that corruption has a positive effect on economic growth while economic growth has no effect on corruption. Property rights promote economic growth while economic growth does not help protect property rights. Corruption has a negative effect on property rights while property rights have no effect on corruption.
Originality/value: The originality lies in the analysis of the ambiguous role of corruption in relation to property rights and economic growth on the scale of many African countries.
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