Credit to Private Sector, Corruption Perception and Economic Growth of Comesa Countries
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 07
Abstract
Credit to Sector private is known as financial resources given to the private sector, including loans and advances, non-equity securities purchases, trade credits, and other receivables, that establish a claim for recovery. In a variety of ways, financial institutions contribute significantly to people's socio-economic development. The relationship between economic growth and credit to private sector has attracted attention among scholars in the recent past who have articulated empirical and theoretical studies on the relationship between economic growth and credit to private sector. Corruption has been rampant among COMESA counties. This article incorporated the moderation effect of corruption in the private sector access to credit and found that, tough positive, corruption does not influence credit to private sector. This can be alluded to the fact that, any investor not necessarily bribe to get credit for the business. To improve credit access, the cost of credit must be reduced, the interest rate cap removed, and the collateral registry must be expedited. The insufficiency of credit expansion had a negative impact on economic growth in countries in COMESA trading bloc.
Authors and Affiliations
Kenneth Kibet, Josephat Cheboi, Thomas Agak
Keywords
Related Articles
- EP ID EP708818
- DOI 10.47191/jefms/v5-i7-07
- Views 94
- Downloads 0
A Review of the Literature on the Role of Social Capital in Tourism Growth
To improve people's welfare, economic growth has always focused on the development of the secondary sector. The secondary sector, on the other hand, has not fully provided for the community's needs. This is due to the co...
Evaluation of the Logistics Actors in the Application of the CCQI Standard in the Dispatch of Refrigerated Merchandise by the Port of Manzanillo, Mexico
This research is focused on evaluating the dispatch of perishable merchandise through reefers (refrigerated maritime containers) with adherence to the Cold Chain Quality Indicators (CCQI) standard, which is the internati...
Sticky Cost Behavior in Agricultural Sector Companies in Indonesia
This study aims to analyze sticky cost behavior of agricultural sector industry in Indonesia and the effect of capital intensity, current ratio, profitability, employee intensity, tax, and leverage on sticky cost in agri...
Province Regional Tax Revenue Increase Model
This study aims to formulate a model of increasing local taxes in Jambi province. The model used in this study is the simultaneous equation model. The results showed that there was a positive and significant influence on...
Occupational Stress Management of Truck Drivers and its Effect on Road Safety: Evidence from Petroleum Tanker Drivers in Lagos State, Nigeria
The feeling of apathy among truck drivers regarding managing their health and work stress is endangering lives and properties on Lagos roads. The study examined occupational stress management of truck drivers and on road...