Determinants of Bribery: Theory and Evidence from Sub‐Saharan Africa

Pelizzo, Riccardo; Araral, Eduardo; Pak, Anton; Wu, Xun

doi:10.1111/1467-8268.12192

Cited by 34 publications

(29 citation statements)

References 39 publications

(44 reference statements)

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“…In this light, the article adopts the governance indicators from Kaufmann, Kraay, and Mastruzzi 2010, consistent with a recent stream of literature on unbundling (Andrés and Asongu 2013;Andrés, Asongu, and Amavilah 2015;Gani 2011;Nwokora and Pelizzo 2017;Oluwatobi et al 2015;Nwokora 2016, 2018;Pelizzo et al 2016;yerrabati and Hawkes 2015) and bundling (Asongu 2016;Nwachukwu 2016c, 2017c) governance dynamics.…”

Section: Clarification Of Governancementioning

confidence: 85%

Foreign Aid, Instability, and Governance in Africa

Asongu

Nnanna²

2019

Politics & Policy

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This article contributes to the attendant literature by bundling governance dynamics and focusing on foreign aid instability instead of foreign aid. We assess the role of foreign aid instability on governance dynamics in 53 African countries for the period 1996‐2010. An autoregressive endogeneity‐robust generalized method of moments is employed. Instabilities are measured in terms of variance of the errors and standard deviations. Three main aid indicators are used, namely: total aid, aid from multilateral donors, and bilateral aid. Principal component analysis is used to bundle governance indicators, namely: political governance (voice and accountability and political stability/no violence), economic governance (regulation quality and government effectiveness), institutional governance (rule of law and corruption control), and general governance (political, economic, and institutional governance). Our findings show that foreign aid instability increases governance standards, especially political and general governance. Policy implications are discussed. Related Articles Beal, Amanda L., and Leah Graham. 2014. “Foundations for Change: Rule of Law, Development, and Democratization.” Politics & Policy 42 (3): 311‐345. https://doi.org/10.1111/polp.12077 Fails, Matthew D. 2014. “Leader Turnover, Volatility, and Political Risk.” Politics & Policy 42 (3): 369‐399. https://doi.org/10.1111/polp.12078 Jakubow, Alexander. 2014. “State Intervention and Life Satisfaction Reconsidered: The Role of Governance Quality and Resource Misallocation.” Politics & Policy 42 (1): 3‐36. https://doi.org/10.1111/polp.12057

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Section: Clarification Of Governancementioning

confidence: 85%

Foreign Aid, Instability, and Governance in Africa

Asongu

Nnanna²

2019

Politics & Policy

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“…FDI in Africa is hauled in by location-specific advantages that are driven by its natural resources (Arısoy, 2012;Aga, 2014). Zurawicki and Habib (2010) and Pelizzo et al (2016) observe that foreign firms face challenges caused by structural weaknesses in host economies, incomplete and unstable institutional frameworks, underdeveloped political and constitutional court systems, corruption and bureaucratic regulations. Majeed and Ahmad (2018) showed that both exports and FDI in Pakistan positively affect each other, although the effect of exports on FDI was not very significant.…”

Section: Literature Reviewmentioning

confidence: 99%

Foreign Direct Investment in Zimbabwe: The Role of Uncertainty, Exports, Cost of Capital, Corruption and Market Size

Muzurura

2019

The Economics and Finance Letters

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Most of developing countries such as Zimbabwe see foreign direct investment as a panacea for augmenting domestic savings, generating employment, eradicating poverty and stimulating economic growth. Foreign direct investment also is associated with significant positive spillover benefits such as; facilitating technological progress, enhancing production efficiencies, promoting skills and knowledge diffusion and increasing international competitiveness. The paper investigated the role of cost of capital, uncertainty, exports, market size and other macro factors in attracting FDI in Zimbabwe. This paper relied on a time series analysis using Ordinary Least Regression equation for the period 1998-2017. Uncertainty and cost of capital were found to be negative and statistically significant whilst market size and lagged exports were found to be positive and statistically significant. The paper recommends adoption of policies that improve domestic absorptive capacity such as the elimination of uncertainties in the economy, promoting more trade openness, improving market size and liberalisation of credit and financial markets to reduce firm borrowing costs. Contribution/Originality: This study contributes to the existing literature on foreign direct investment by demonstrating the role of macro-uncertainty and cost of capital in attracting FDI. In addition, this study utilizes a new estimation methodology of FDI that is based on the modification of the flexible accelerator model of investment behaviour.

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“…The governance mechanisms from Kaufmann, Kraay and Mastruzzi (2010) are increasingly being used in the governance literature. Some recent studies that have employed these six governance indicators include: Andrés et al (2015), Pelizzo, Araral, Pak and Xun (2016), Nwokora (2016, 2018), Nwokora and Pelizzo (2018), Oluwatobi, Efobi, Olurinola and Alege (2015), Ajide andRaheem (2016a, 2016b) and Asongu and Nwachukwu (2017b). According to the attendant literature: "The first concept is about the process by which those in authority are selected and replaced (Political Governance): voice and accountability and political stability.…”

Section: Datamentioning

confidence: 99%

Inclusive Development in Environmental Sustainability in Sub-Saharan Africa: Insights from Governance Mechanisms

Asongu

Odhiambo

2019

SSRN Journal

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This research examines the relevance of inclusive development in modulating the role of governance on environmental degradation. The study focuses on forty-four countries in sub-Saharan Africa for the period 2000-2012. The Generalised Method of Moments is employed as the empirical strategy and CO 2 emissions per capita is used to measure environmental pollution. Bundled and unbundled governance dynamics are employed, notably: political governance (consisting of political stability/no violence and "voice and accountability"), economic governance (encompassing government effectiveness and regulation quality), institutional governance (entailing corruption-control and the rule of law), and general governance (a composite measure of political governance, economic governance and institutional governance). The following main findings are established. First, the underlying net effect in the moderating role of inclusive development in the governance-CO 2 emissions nexus is not significant in regressions pertaining to political governance and economic governance. Second, there are positive net effects from the relevance of inclusive development in modulating the effects of regulation quality, economic governance and general governance on CO 2 emissions. The significant and insignificant effects are elucidated. Policy implications are discussed. JEL Classification: C52; O38; O40; O55; P37

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Determinants of Bribery: Theory and Evidence from Sub‐Saharan Africa

Cited by 34 publications

References 39 publications

Foreign Aid, Instability, and Governance in Africa

Foreign Aid, Instability, and Governance in Africa

Foreign Direct Investment in Zimbabwe: The Role of Uncertainty, Exports, Cost of Capital, Corruption and Market Size

Inclusive Development in Environmental Sustainability in Sub-Saharan Africa: Insights from Governance Mechanisms

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