Paper Title :Corruption and Economic Growth: How does Piety Matter?
Author :Mohamed Ben Mimoun, Asma Raies
Article Citation :Mohamed Ben Mimoun ,Asma Raies ,
(2017 ) " Corruption and Economic Growth: How does Piety Matter? " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 55-58,
Volume-3,Issue-6
Abstract : This study integrated the religious dimension into the economic analysis of corruption and growth. The idea along
which, religion matters in explaining the extent of corruption -in addition to the conventional factors (institutional and economic
ones)- was defend. Parting from the fact that Qur’an and Prophetic Narrations forbid corruption, the more pious is a
Muslim, the lower should be his incentives for corruption. Hence, a higher level of piety in a society should translate into
higher economic outcomes. The tractable analytical model developed in this study showed two possible channels for corruption
to damage the long-run rate of economic growth. It also showed that, there is a minimum level of piety required for an
economy to be productive. Below this threshold, the economy moves away towards an illegal rent-seeking situation. In addition,
better quality of institutions and a reduced income tax contribute in lowering the threshold of piety required for an
economy to move away from rent-seeking activity and towards productive activity.
Keywords- Piety, Islamic References, Corruption, Public investments, Economic growth JEL Classification: E62, O43, P47
Type : Research paper
Published : Volume-3,Issue-6
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-8429
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Copyright: © Institute of Research and Journals
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Published on 2017-08-29 |
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