Kleptocracy, nepotism, kakistocracy: impact of corruption in Sub-Saharan African countries
by Collins Okafor; L. Murphy Smith; Nacasius U. Ujah
International Journal of Economics and Accounting (IJEA), Vol. 5, No. 2, 2014

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.

Online publication date: Tue, 29-Jul-2014

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