Corruption and Its Effects on Sustainable Economic Performance

Abstract

The study examines corruption and its effects on achieving sustainable economic performance in Africa with a data set from 2002-2017. The Hausman Test for determining the appropriate model selection between Random and Fixed effects was employed with the fixed effects model of estimation chosen to be the appropriate method of estimation indicating that the degree of relationship and significant between corruption and sustainable economic performance in negative. The R² explains that 95% of variations in sustainable economic performance in the estimation of prime independent variables. Aside corruption having a negative and insignificant impact on sustainable economic performance, an increase in human development and labour resulted in a positive and significant relations on sustainable economic performance, with the rest of the explanatory variables having a poor and negative affiliation with sustainable economic performance. The above therefore follows the empirical, conventional and theoretical perspective that corruption declines growth and sustainability both domestically and globally.