Surveying the Relationship between Corruption and Unemployment in OPEC Member Countries: A System Generalized Method of Moment Approach

Almasi, Fatemeh; Ebrahimi, Mehrzad; Zare, Hashem

doi:10.30473/jier.2023.66163.1357

Document Type : applicative

Authors

¹ PhD student, Department of Economics, Faculty of management and Economics, Islamic Azad university, shiraz branch, Iran.

² Assistant Professor, Department of Economics, Faculty of management and Economics, Islamic Azad university, shiraz branch, Iran.

³ Assistant Professor, Department of Economics, Faculty of management and Economics, Islamic Azad university, shiraz branch, Iran

https://doi.org/10.30473/jier.2023.66163.1357

Abstract

The phenomenon of unemployment is one of the major socio-economic problems that is directly and indirectly affected by the way of governance. Since the mid-1990s, under the influence of the development of new institutionalism literature and the recommendations of international institutions, governance and its components were considered as main deteminants of development strategy of countries and controlling the unemployment rate. According to the theory of new institutionalism, corruption is the main cause of unemployment and many economic problems of countries. The main aim of this research is to investigate the dynamic relationship between corruption and unemployment in OPEC member states for the period from 2005 to 2019. For this purpose, the generalized moment method (SGMM) is used in this research. The results indicate that corruption control can play an effective role in reducing the unemployment rate. Also, the political stability has a negative and significant effect on the unemployment rate; In the sense that the reduction of political instabilities and more governance control over political events can lead to a reduction in the unemployment rate in OPEC member states.

Keywords

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Journal of Industrial Economics researches

Surveying the Relationship between Corruption and Unemployment in OPEC Member Countries: A System Generalized Method of Moment Approach

References

References

Volume 6, Issue 22
November 2023
Pages 89-107

Surveying the Relationship between Corruption and Unemployment in OPEC Member Countries: A System Generalized Method of Moment Approach

References

References

Volume 6, Issue 22November 2023Pages 89-107

Volume 6, Issue 22
November 2023
Pages 89-107