Skip to main content

Relationship Between Corruption, Governance, and Economic Growth in ASEAN

  • Chapter
  • First Online:
Shifting Economic, Financial and Banking Paradigm

Part of the book series: Studies in Systems, Decision and Control ((SSDC,volume 382))

  • 416 Accesses

Abstract

Corruption has become an issue in ASEAN and it bring a negative impact on ASEAN economic growth. On the other hand, quality of governance closed related to corruption. Poor governance will increase corruption. Furthermore, good governance is important to contribute to a stable nation and economic growth. So, this study aims to investigate the relationship between corruption, governance and economic growth in five ASEAN which include (Singapore, Malaysia, Thailand, Indonesia and Philippines). The purpose of this study is to examine the long run relationship between economic growth, corruption and governance in ASEAN 5. This study used static panel data analysis to analyse the relationship. The results show that corruption related to the gross domestic product per capita. The coefficient of corruption is statistically significant mean according the economic theory that corruption brings negative effect to economic growth.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 139.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 179.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 179.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Baltagi, B.H.: Econometric Analysis of Panel Data. John Wiley and Sons, New York, NY (1995)

    MATH  Google Scholar 

  2. Brewer, G.A., Walker, R.M.: Accountability, corruption and government effectiveness in asia: an exploration of world bank governance indicator 8(2) (2007)

    Google Scholar 

  3. D’ Agostino, G., Dunne, J.P., Pieroni, L.: Government spending, corruption and economic growth. World Develop. 84, 190–205 (2016)

    Google Scholar 

  4. Freckleton, M., Wright, A., Craigwell, R.: Economic growth, foreign direct investment and corruption in developed and developing countries. J. Econ. Stud. 39(6):639–652 (2012)

    Google Scholar 

  5. Kaufmann, D., Kraay, A., Mastruzzi, M.: Governance matters VII: aggregate and individual governance indicators, 1996–2007. World Bank policy research 2008

    Google Scholar 

  6. Omoteso, K., Ishola Mobolaji, H.: Corruption, governance and economic growth in Sub-Saharan Africa: a need for the prioritisation of reform policies. Soc. Responsib. J. 10(2), 316–330 (2014)

    Article  Google Scholar 

  7. Romer, P.M.: Increasing returns and long-run growth. J. Political Econ. 94(5), 1002–37 (1986)

    Google Scholar 

  8. Schoeberlein, J.: Corruption in ASEAN Regional trends from the 2020 Global Corruption Barometer and country spotlights (2020). Retrieved from https://knowledgehub.transparency.org/assets/uploads/kproducts/Corruption-in-ASEAN-2020_GCB-launch.pdf

  9. Tareq, B.A., Ahmed, Z.: Governance and economic performance in developing countries: an empirical study. J. Econ. Stud. Res. 2013, 1–13 (2013)

    Google Scholar 

  10. Transparency International report (2018). Retrieved from https://www.transparency.org/en/cpi/2018/index/dnk

  11. UNDP 2014-Governance for Sustainable Development Integrating Governance in the Post-2015 Development Framework. Retrieved from https://www.file:///C:Users/user/Downloads/Discussion-paper-Governance-for-Sustainable-Development%20(2).pdf

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Suryati Ishak .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2022 Institute of Technology PETRONAS Sdn Bhd

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Yuan, T.K., Ishak, S. (2022). Relationship Between Corruption, Governance, and Economic Growth in ASEAN. In: Abdul Karim, S.A. (eds) Shifting Economic, Financial and Banking Paradigm. Studies in Systems, Decision and Control, vol 382. Springer, Cham. https://doi.org/10.1007/978-3-030-79610-5_8

Download citation

Publish with us

Policies and ethics