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Competition policy, inflation and corruption: evidence from African economies

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  • A. Vindelyn Smith-Hillman

Abstract

Using regression analysis, the study examines the relationship between competition policy, inflation and corruption within 23 African economies. The inclusion of a group of 20 industrial countries acts as a benchmark enabling the evaluation of the significance of competition policy within countries with good governance records. The results reveal the absence of a statistically significant relationship when the two groups are independently assessed however, when all 43 countries are combined the results prove to be statistically significant. Whilst the results do not provide the unambiguous support of a relationship, this does not negate a role for competition policy.

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  • A. Vindelyn Smith-Hillman, 2007. "Competition policy, inflation and corruption: evidence from African economies," Applied Economics Letters, Taylor & Francis Journals, vol. 14(9), pages 653-656.
    • Handle: RePEc:taf:apeclt:v:14:y:2007:i:9:p:653-656
    DOI: 10.1080/13504850500461415
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    References listed on IDEAS

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    1. Ajit Singh, 2006. "Competition and Competition Policy in Emerging Markets: International and Developmental Dimensions," Chapters, in: Philip Arestis & John S.L. McCombie & Roger Vickerman (ed.), Growth and Economic Development, chapter 12, Edward Elgar Publishing.
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    Cited by:

    1. Damir Piplica, 2011. "Corruption And Inflation In Transition Eu Member Countries," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 20(2), pages 469-506, december.
    2. Meixing Dai & Moïse Sidiropoulos & Eleftherios Spyromitros, 2015. "Fiscal Policy, Institutional Quality and Central Bank Transparency," Manchester School, University of Manchester, vol. 83(5), pages 523-545, September.
    3. Ben Ali Mohamed Sami & Sassi Seifallah, 2016. "The corruption-inflation nexus: evidence from developed and developing countries," The B.E. Journal of Macroeconomics, De Gruyter, vol. 16(1), pages 125-144, January.
    4. Hasim Ak a & Ahmet Yilmaz Ata & Coskun Karaca, 2012. "Inflation and Corruption Relationship: Evidence from Panel Data in Developed and Developing Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 2(3), pages 281-295.
    5. Sami Fethi & Hatice Imamoglu, 2021. "The impact of rent‐seeking on economic growth in the six geographic regions: Evidence from static and dynamic panel data analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5349-5362, October.
    6. Garcia Fortuny, Judit, 2014. "The Effects of Corruption and Seigniorage on Growth and Inflation," Working Papers 2072/246961, Universitat Rovira i Virgili, Department of Economics.
    7. Réda Marakbi & Patrick Villieu, 2020. "Corruption, tax evasion, and seigniorage in a monetary endogenous growth model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(6), pages 2019-2050, December.
    8. Seifallah Sassi & Amira Gasmi, 2017. "The Dynamic Relationship Between Corruption—Inflation: Evidence from Panel Vector Autoregression," The Japanese Economic Review, Springer, vol. 68(4), pages 458-469, December.
    9. Bohn, Frank, 2013. "Grand corruption instead of commitment? Reconsidering time-inconsistency of monetary policy," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 478-490.
    10. Seifallah Sassi & Amira Gasmi, 2017. "The Dynamic Relationship Between Corruption–Inflation: Evidence From Panel Vector Autoregression," The Japanese Economic Review, Japanese Economic Association, vol. 68(4), pages 458-469, December.
    11. Omer Gokcekus & Eva Muchova & Zuzana Brincikova, 2015. "Level and quality of openness and corruption in the ECA countries," Applied Economics Letters, Taylor & Francis Journals, vol. 22(16), pages 1340-1344, November.
    12. Amrita Dillon & GARETH D. MYLES & HANA YOUSEFI, 2015. "Corruption and Seigniorage," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(4), pages 480-503, August.

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