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Impact of corruption, unemployment and inflation on economic growth evidence from developing countries

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Abstract

The main objective of this empirical study to examine the impact of corruption, unemployment and inflation on economic growth for seventy nine (79) developing countries of the world for the period from 2002 to 2018. This study uses Panel unit root tests (PUT), Pooled Mean Group (PMG), Fully modified ordinary least square (FMOLS), and Dynamic least square (DOLS), for the data estimation. The estimates of PUT reveal that all the variables are mixed order of integration. The PMG, FMOLS and DOLS estimates reveal that corruption, unemployment and political stability have negative effect on GDP per capita, while Inflation, governance effectiveness and rule of law have positive effect on GDP per capita. This empirical study has some policy implication for government and policy makers.

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Authors and Affiliations

  1. Visiting Lecturer, Department of economics, Government AFzal Khan LaLa Postgraduate college Matta Swat, Pakistan, Matta

    Ijaz Uddin

  2. PhD Scholar School of Economics,, Abdul Wali khan university Mardan, 23200, Mardan KPK, Pakistan

    Ijaz Uddin

  3. Master Student, Department of economics, Government AFzal Khan LaLa Postgraduate college Matta Swat, 19040, Matta, Pakistan

    Khalil Ur Rahman

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  1. Ijaz Uddin
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  2. Khalil Ur Rahman
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Correspondence to Ijaz Uddin.

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Appendix 1

Appendix 1

List of sample countries.

Countries

Countries

Countries

Countries

Albania

Chad

Iran

Oman

Algeria

Chile

Jamaica

Pakistan

Angola

China

Jordan

Papua New Guinea

Armenia

Colombia

Kenya

Paraguay

Azerbaijan

Costa Rica

Libya

Peru

Bahrain

Croatia

Malawi

Poland

Bangladesh

Dominican Rep

Malaysia

Rwanda

Barbados

Ecuador

Mali

Saudi Arabia

Belarus

El Salvador

Mauritius

South Africa

Benin

Gabon

Mexico

Sri Lanka

Bhutan

Georgia

Moldova

Tanzania

Bolivia

Ghana

Mongolia

Thailand

Bosnia/Herzegovina

Guatemala

Morocco

Trinidad and Tobago

Botswana

Guinea

Mozambique

Tunisia

Brazil

Guyana

Myanmar

Turkey

Bulgaria

Haiti

Namibia

Uganda

Burkina Faso

Honduras

Nepal

Ukraine

Burundi

Hungary

Nicaragua

Uruguay

Cambodia

India

Niger

Zambia

Cameroon

Indonesia

Nigeria

 

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Uddin, I., Rahman, K.U. Impact of corruption, unemployment and inflation on economic growth evidence from developing countries. Qual Quant 57, 2759–2779 (2023). https://doi.org/10.1007/s11135-022-01481-y

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