Disasters and corruption: An Empirical Analysis of 16 countries from Asia and the Middle East

Zafar, Sameen; Rahman, Imran Ur; Ammara, Suman

doi:10.1016/j.ijdrr.2023.103678

Cited by 7 publications

(6 citation statements)

References 27 publications

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“…The outcomes of our research suggest that political stability (viewed as the risk of government destabilization) has a positive and significant impact on corruption in all analyzed samples, exception is in the case of regression with random effects in cross-section and period and regression with fixed effects in cross-section and no effects in period, where the impact is negative and significant for European countries. These results are in line with those obtained by Nur-tegin and Czap (2012), Saha and Sen (2023), Schumacher (2013), Turedi and Altiner (2016), Zafar et al (2023).…”

Section: Resultssupporting

confidence: 92%

“…Additionally, political instability may result in weaker public and accountability institutions, which would impair efforts to prevent corruption. Conversely, strong political conditions and stability would result in rigorous regulations and accountability, which would reduce (Zafar et al. , 2023).…”

Section: Discussion and Political Implicationsmentioning

confidence: 99%

“…Political instability may produce social unrest that disrupts the economy and undermines the trust of investors (Muganyi et al, 2021). Additionally, political instability may result in weakened accountability and political elite impunity (Zafar et al, 2023).…”

Section: Political Stability and Corruption Nexusmentioning

confidence: 99%

“…, 2021). Additionally, political instability may result in weakened accountability and political elite impunity (Zafar et al. , 2023).…”

Section: Literature Reviewmentioning

confidence: 99%

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Political stability and corruption nexus: an international perspective on European and Asian countries

Beju,

Ciupac-Ulici,

Bresfelean

2024

JRF

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PurposeThis paper aims to investigate the impact of political stability on corruption by drawing upon a sample encompassing both developed and developing European and Asian countries.Design/methodology/approachThe dataset, sourced from the Refinitiv database, spans from July 2014 to May 2022. Panel data techniques, specifically pooled estimation and dynamic panel data [generalized method of moments (GMM)] are employed. The analysis encompasses both fixed and random effects models to capture country-specific cross-sectional effects. To validate our findings, we perform a robustness test by including in the investigation four control variables, namely poverty, type of governance, economic freedom and inflation. To test heterogeneity, the dataset is further divided into two distinct subsamples based on the countries’ locations.FindingsEmpirical findings substantiate that political stability (viewed as the risk of government destabilization) has a positive and significant impact on corruption in all analyzed samples of European and Asian countries, though some differences are observed in various subsamples. When we take into account the control variables, these analysis results are robust.Research limitations/implicationsThis research provided a panel data analysis with GMM, while other empirical methodologies could also be used, like the difference-in-difference approach. However, our results should be validated by extending the time and the sample to a worldwide sample and using alternative measures of corruption and political stability. Moreover, our focus was on a linear and unidirectional relationship between the considered variables, but it would be interesting to test in our further research a non-linear and bidirectional correlation between them. Furthermore, we have introduced in the robustness test only four economic variables, but to consolidate our findings, we plan to include socioeconomic and demographic variables in future studies.Practical implicationsThese outcomes imply that authorities should be aware of the necessity of implementing anti-corruption policies designed to establish effective agencies and enforcement structures for combating systemic corruption, to improve the political environment and the quality of institutions and to apply coherent economic strategies to accelerate economic growth because higher political stability and sustainable development determine a decrease in levels of corruption.Social implicationsAt the microeconomic level, the survival of organizations may be in danger from new types of corruption and money laundering. Therefore, in order to prevent financial harm, the top businesses worldwide should respond to instances of corruption through strengthened supervisory procedures. This calls for the creation of a mechanism inside the code of conduct where correct reporting of suspected situations of corruption would have a prompt procedure to be notified of. To avoid corruption in operational procedures, national plans and policies should be developed by government officials, executives and legislators on a national level, as well as by senior management and the board of directors on an organizational level. This might lower organizations' extra corruption-related expenses, assure economic growth and improve global welfare.Originality/valueA novel feature of our research resides in its broad examination of a sizable sample of European and Asian countries regarding the nexus between corruption and political stability. The paper also investigates a less explored topic in economic literature, namely the impact of political stability on corruption. Furthermore, the study depicts policy recommendations, outlining effective and reasonable measures aimed at improving the political landscape and combating corruption.

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Section: Resultssupporting

confidence: 92%

Section: Discussion and Political Implicationsmentioning

confidence: 99%

Section: Political Stability and Corruption Nexusmentioning

confidence: 99%

“…, 2021). Additionally, political instability may result in weakened accountability and political elite impunity (Zafar et al. , 2023).…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Political stability and corruption nexus: an international perspective on European and Asian countries

Beju,

Ciupac-Ulici,

Bresfelean

2024

JRF

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“…In the international world, anti-corruption measures have become a global necessity which is currently a problem not only for poor and developing countries, but also for developed countries. In fact, it has become a routine movement that all countries carry out its eradication, in fact everyone is aware that in "eradicating corruption" around the world, corruption is getting more attention than other criminal acts and various additional efforts to eradicate it (Zafar et al, 2023). This phenomenon must be understood considering the negative impact of corruption crimes, the impact can affect various areas of life, so that corruption is a serious problem that can endanger development (Ferrali, 2020).…”

Section: Introductionmentioning

confidence: 99%

Implementation of Follow the Money in Eradicating Corruption and Money Laundering

Joeroy,

N. Sally,

Wiratno

2023

ijsh

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This study aims to identify and analyze the implementation of follow the money in eradicating corruption and money laundering in order to recover state financial losses. This research is normative research, this research was carried out by examining library materials in the form of primary, secondary, and tertiary legal materials, with an empirical-analytical approach, which uses concrete cases to become research objects, and uses relevant theories. The follow the money policy in eradicating corruption and money laundering in Indonesia has not been effective enough in returning assets that have been confiscated and has resulted in losses to state finances. Therefore, it is necessary to strengthen the system for returning assets resulting from acts of corruption with the Asset Recovery Bill, increasing FINTRAC capacity, strengthening asset confiscation, and cooperation between countries to track assets resulting from crimes abroad and maximize returns through Mutual Legal Assistance. The future policy direction is to strengthen the system for recovering assets and confiscating assets through conviction-based forfeiture and non-conviction-based forfeiture, as well as civil lawsuits. In the Indonesian legal system, the follow the money policy is very important to overcome corruption and money laundering. However, the return on assets is still not optimal. Therefore, the Bill on Asset Recovery and the Bill on Cash Payments as well as the application of Articles 18 and 37 of the Corruption Law are needed to confiscate the proceeds of crime through criminal compensation

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Disaster risk reduction in Bangladesh: A comparison of three major floods for assessing progress towards resilience

Rumpa,

Real,

Razi

2023

International Journal of Disaster Risk Reduction

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Disasters and corruption: An Empirical Analysis of 16 countries from Asia and the Middle East

Cited by 7 publications

References 27 publications

Political stability and corruption nexus: an international perspective on European and Asian countries

Political stability and corruption nexus: an international perspective on European and Asian countries

Implementation of Follow the Money in Eradicating Corruption and Money Laundering

Disaster risk reduction in Bangladesh: A comparison of three major floods for assessing progress towards resilience

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