Kleptocracy, Nepotism, Kakistrocracy: Impact of Corruption in Sub-Saharan African Countries
International Journal of Economics and Accounting, Forthcoming
25 Pages Posted: 13 May 2011 Last revised: 31 Jan 2013
Date Written: 2013
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 impact of corruption in structuring a country’s 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.
Keywords: Kleptocracy, Nepotism, Kakistrocracy, Economic Development, Government Accounting Framework
JEL Classification: G15, H1
Suggested Citation: Suggested Citation