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eBook details

Title: Does Corruption Persist in Sub-Saharan Africa?(Original PAPER)
Author : International Advances in Economic Research
Release Date : January 01, 2009
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 291 KB

Description

Abstract Corruption is said to be characterized by persistence. This conclusion is derived from the theoretical literature, although little empirical evidence exists to support it. Using corruption ratings data from the Political Risk Services Group, International Country Risk Guide on 110 countries from 1984 through 2006,1 seek to determine whether or not corruption has actually exhibited persistence over this period. The Markov Transition Chain Matrices were used in the empirical analysis. The calculations show that corruption does persist in more than half of the sample. Next I focus on two regions: Sub-Saharan Africa, the Middle East, and North Africa. The analysis shows these regions to be characterized by persistent corruption. Keywords Corruption * Sub-Saharan Africa * Markov transition chain matrices. Economic development