Do Countries Belonging to the same Continent Suggest the Same Investment, Growth, and Corruption Enhancing Variables? Evidence from Pakistan, India, & Russia

Muhammad Awais; Dr. Syed Zulfiqar Ali Shah; Dr. Kashif-Ur-Rehman; Muhammad Mohsin Abidy

Abstract:

The lack of timely check and balance may be the biggest reason of corruption. Another feature behind the growing corruption level is the biased and non-integrated behavior of an individual. By recognizing the needs and wants of government individuals, a corruption level can be controlled. The chief motives of this study are; to investigate the impact of corruption on economic growth of a country and to investigate the impact of corruption on foreign direct investment (FDI) for a state over a period of 2001-2013. As literature suggested that economic growth can be boost-up by enhancing the level of FDI in a country, and both FDI as well as economic growth can achieve their sustainable levels through corruption free environment. The time span of 2006-2008 is very much interesting for all the selected countries in terms of their growth. The outcomes accomplishes that economic growth & FDI are strongly associated/linked with state’s corruption.

research from:

• Foundation University - Faculty of Management Sciences

Year:

2018

Type of Publication:

Article

Journal:

Canadian International Journal of Social Science and Education

Volume:

14

Number:

1

Pages:

114-127

Month:

1