CORRUPTION, RELIGION AND ECONOMIC PERFORMANCE IN OPEC COUNTRIES: AN ANALYSIS
AbstractThe analysis ofcorruptionininternational business is a relativelynew but an important phenomenon and for the last two decades many research works have attempted tocapture the economicimpactof the corruption ina country. None of such works has addressed the issue of corruption and religion together inthe contextof developing but resource rich economies. To fill this gap, this study examines the incidence of corruption and religion for economic performance for severalOPECcountries. Statistical methodology relies on panelestimation and simultaneous panelestimation in additiontotraditional ordinaryleas squares errors regression models. Resultsshow thateconomicperformance (measured by Real Gross Domestic Product) responds positively to less corruption and the dominant religion, especially Islam, inour study. Needless tosay, thisstudy also suffers from limitations, regarding the measurement of corruption, limitation of dataand possible exclusion of other explanatory variables in the model.
Key words:Corruption, Religion, EconomicPerformance, International Business, OPEC
How to Cite
Samanta, S. K. (2013). CORRUPTION, RELIGION AND ECONOMIC PERFORMANCE IN OPEC COUNTRIES: AN ANALYSIS. International Journal of Economics, Management and Accounting, 19(2). Retrieved from https://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/182