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Kleptocracy, nepotism, kakistocracy: impact of corruption in Sub-Saharan African countries

Author

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  • Collins Okafor
  • L. Murphy Smith
  • Nacasius U. Ujah

Abstract

The adverse effect of corruption has been widely investigated in literature. Corruption is said to hamper both economic and human development. A foe of transparency and ethical business ambiance, corruption promotes a trans-lucid accounting milieu. In this paper we investigate the governmental accounting framework in a set of Sub-Saharan countries. This paper contributes to the research literature regarding corruption and government accountability, by developing a new index measure of accountability, which incorporates socio-economic indicators of government accountability. Using this index, results of analysis indicate that corruption has a significant negative relationship with the quality of the government accounting framework and with economic development in the Sub-Saharan countries included in the study.

Suggested Citation

  • Collins Okafor & L. Murphy Smith & Nacasius U. Ujah, 2014. "Kleptocracy, nepotism, kakistocracy: impact of corruption in Sub-Saharan African countries," International Journal of Economics and Accounting, Inderscience Enterprises Ltd, vol. 5(2), pages 97-115.
    • Handle: RePEc:ids:ijecac:v:5:y:2014:i:2:p:97-115
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    Cited by:

    1. Hannah Michelle Russell & Donald L. Ariail & Katherine Taken Smith & Lawrence Murphy Smith, 2023. "Religiosity and Risk: Association of Judeo-Christian Ethicality with a Sustainable Business Environment," JRFM, MDPI, vol. 16(9), pages 1-19, September.
    2. Adefeso, Hammed, 2018. "Corruption, Political Instability and Development Nexus in Africa: A Call for Sequential Policies Reforms," MPRA Paper 85277, University Library of Munich, Germany.
    3. Hammed Oluwaseyi Musibau & Suraya Mahmood & Agboola Yusuf Hammed, 2017. "The Impact of Foreign Capital Inflows, Infrastructure and Role of Institutions on Economic Growth: An Error Correction Model," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 35-49, December.
    4. Garg, Shamita & Sushil,, 2021. "Determinants of deglobalization: A hierarchical model to explore their interrelations as a conduit to policy," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 433-447.

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