A Nexus among Institutions, Education and Economic Growth: An Analysis of Developing Countries

Sarwar, Adeeba; Hayat, Muhammad Azmat

doi:10.18488/journal.aefr.2021.111.30.42

Cited by 3 publications

(3 citation statements)

References 40 publications

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“…Regarding the impact of domestic institution and economic growth, findings show that 10% improvement in home country institutional quality leads to 5.12% increase in economic growth. This partly corroborate Sarwar et al (2021) result that institutional quality positively impact economic growth. Nevertheless, the direct impact of exchange rate on growth is positive.…”

Section: Resultssupporting

confidence: 87%

The Effects of Outward Foreign Direct Investment and Institutional Quality on Economic Growth

Osabuohien-Irabor

Drapkin

2022

PEB

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This study examines the interactions of outward foreign direct investment with institutional quality as well as other macroeconomic determinants to determine whether their joint impact promotes home country economic growth. Econometric techniques such as the pooled OLS, fixed effect, differenced Generalized Methods of Moment, and the System Generalized Methods of Moment (GMM) are utilized for panel dataset of 141 countries for the period 2003-2019. The study finds that the dynamic interaction of outward foreign direct investments (FDI) and institutional quality is positive and boosts home country’s economic growth and development. Furthermore, evidence shows that the mutual reinforcement of outward FDI and exchange rate gives rise to economic growth. This suggests that when home country’s currency appreciates, there may be a higher flow of overseas direct investment to countries with weaker exchange rate, given that the domestic currency can buy more investment. This enhances economic growth through forward and backward linkages. These results imply that policymakers should consider sound economic policies that integrates outward FDI with home country institutions as well as other economic determinants to enhance economic growth.

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Section: Resultssupporting

confidence: 87%

The Effects of Outward Foreign Direct Investment and Institutional Quality on Economic Growth

Osabuohien-Irabor

Drapkin

2022

PEB

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“…Arif (2022) found that migrant populations with higher levels of education are eager to choose countries with reduced corruption rates as their destinations. In line with this, Sarwar and Hayat (2021) evidenced that education reduces violence and political instability improves the rule of law and economic growth. Maria et al (2021) showed that secondary education reduces corruption in G20 countries, developing countries and developed countries.…”

Section: Controlling Corruption Insupporting

confidence: 53%

Controlling corruption in African countries: innovation, financial inclusion and access to education as alternative measures

Jungo

Madaleno²,

Botelho³

2023

IJSE

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PurposeThis study aims to examine the impact of financial inclusion and financial innovation on corruption, considering the moderating role of education, as well as identify the specific modality of digital inclusion and payments that contribute to corruption reduction.Design/methodology/approachThe study uses a representative sample consisting of 46 African countries in three different years 2011, 2014 and 2017. On the data, feasible generalized least squares (FGLS), instrumental variables – two stages least squares (IV-2SLS) and two-stage generalized method of moments (IV-2GMM) model estimation methods were employed.FindingsThe results suggest that financial inclusion and education significantly reduce corruption. As well, the interaction between financial inclusion and education reduces corruption. Additionally, the authors find that the expansion of bank credit and the use of credit and debit cards are the specific modes of financial inclusion and digital payments that can contribute to corruption reduction.Research limitations/implicationsThis study awakens policymakers in African countries about the need to consider education as an alternative measure to support financial inclusion and reduce the use of physical cash in transactions for an effective fight against corruption.Practical implicationsRegarding practical implications, the study shows that financial inclusion besides reducing poverty for households can contribute to macroeconomic stability in Africa.Originality/valueThe study uses a representative sample composed of 46 African countries and considers the role of education in moderating the relationship between financial inclusion and financial innovation on corruption. Furthermore, the study identifies the specific modality of financial inclusion and digital payments that contribute to corruption reduction.

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“…Corruption has a favorable impact on the proportion of public funds allocated to public health and a detrimental impact on education. Considering the scanty research offered in this area [27].…”

Section: Transparency Through Digital Transactionsmentioning

confidence: 99%

Digital Technologie and Corruption Control Mechanism

Ismail,

Abu Bakar,

Zamani

2023

E3S Web Conf.

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Nowadays, corruption is a serious issue in Malaysia and international levels. Digital technology that can detect and prevent fraud and corruption is particularly important to manage processes in public sector activities more transparently. The availability of information and the application process to support the delivery system in certain public sectors is more transparent to the public if through digital technology. Therefore, this paper aims to understand the use of digital technology in an effort to eliminate the symptoms of corruption, overcome fraud, and increase transparency in the government service delivery system for the well-being of the community. The method used is literature review analysis. The paper's results can provide information to the government about the importance of improving digital technology for more efficient control mechanisms in Malaysia. Therefore, the government should focus on efforts to streamline better regulatory affairs and standards by using additional anti-corruption technology in service delivery processes with more transparent access to the public through digital technology.

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A Nexus among Institutions, Education and Economic Growth: An Analysis of Developing Countries

Cited by 3 publications

References 40 publications

The Effects of Outward Foreign Direct Investment and Institutional Quality on Economic Growth

The Effects of Outward Foreign Direct Investment and Institutional Quality on Economic Growth

Controlling corruption in African countries: innovation, financial inclusion and access to education as alternative measures

Digital Technologie and Corruption Control Mechanism

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