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The Impact of Financial Corruption on the Economy and Means of Prevention

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  • Ade Nimri
  • Said M. Alkhatib

Abstract

Our study aims to examine the impact of financial corruption on the economy in Jordan over the period 1990–2020. The study used different measures to measure financial corruption more efficiently, including the values and numbers of corruption cases. It also used the seemingly unrelated regression (SUR) technique to estimate the model. The results confirm no statistically significant impact of financial corruption on economic growth, FDI or budget deficit. At the same time, financial corruption has a negative impact on public debt. The study also recommends means to help to prevent and fight against all kinds of corruption worldwide.

Suggested Citation

  • Ade Nimri & Said M. Alkhatib, 2022. "The Impact of Financial Corruption on the Economy and Means of Prevention," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 23(3), pages 77-94, July.
    • Handle: RePEc:wej:wldecn:871
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=871
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