Effects of Corruption, Government Effectiveness and Political stability on Economic Growth: Evidence from Morocco

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI:10.32479/ijefi.16225

Oussama Ritahi, Abdellah Echaoui

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Abstract

This study examines the impact of Corruption, government effectiveness and political stability on economic growth in Morocco. We conduct an empirical analysis to quantify the impact of institutional quality on economic growth over the period 1996 – 2021 by employing Two Stage Least Squares (2SLS). The findings reveal that corruption has a significant negative influence on economic growth, highlighting the importance of anti-corruption measures. On the other hand, political stability emerges as a key driver of economic growth, emphasizing the need for stable political environments to attract investments and foster entrepreneurship. Additionally, the growth of the public spending negatively affects GDP per capita, stressing the significance of prudent fiscal policies and effective public sector management. This research emphasizes the critical role of institutions, political stability, and efficient governance in driving economic growth. Policymakers can leverage these insights to enhance these institutional quality indicators and foster sustainable and inclusive economic development.

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腐败、政府效率和政治稳定对经济增长的影响：摩洛哥的证据

本研究探讨了腐败、政府效率和政治稳定性对摩洛哥经济增长的影响。我们采用两阶段最小二乘法（2SLS）进行了实证分析，以量化 1996-2021 年间制度质量对经济增长的影响。研究结果表明，腐败对经济增长有显著的负面影响，这凸显了反腐败措施的重要性。另一方面，政治稳定成为经济增长的主要驱动力，强调了稳定的政治环境对吸引投资和培养企业家精神的必要性。此外，公共支出的增长对人均 GDP 有负面影响，这强调了审慎的财政政策和有效的公共部门管理的重要性。这项研究强调了制度、政治稳定和高效治理在推动经济增长方面的关键作用。政策制定者可以利用这些见解来提高这些制度质量指标，促进可持续和包容性经济发展。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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International Journal of Economics and Financial Issues

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期刊介绍： International Journal of Economics and Financial Issues (IJEFI) is the international academic journal, and is a double-blind, peer-reviewed academic journal publishing high quality conceptual and measure development articles in the areas of economics, finance and related disciplines. The journal has a worldwide audience. The journal''s goal is to stimulate the development of economics, finance and related disciplines theory worldwide by publishing interesting articles in a highly readable format. The journal is published Bimonthly (6 issues per year) and covers a wide variety of topics including (but not limited to): Macroeconomcis International Economics Econometrics Business Economics Growth and Development Regional Economics Tourism Economics International Trade Finance International Finance Macroeconomic Aspects of Finance General Financial Markets Financial Institutions Behavioral Finance Public Finance Asset Pricing Financial Management Options and Futures Taxation, Subsidies and Revenue Corporate Finance and Governance Money and Banking Markets and Institutions of Emerging Markets Public Economics and Public Policy Financial Economics Applied Financial Econometrics Financial Risk Analysis Risk Management Portfolio Management Financial Econometrics.