IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 11 NO. 5 2025
DOI: 10.56201/ijebm.vol.11.no5.2025.pg21.27

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Economic Crimes, Poverty and Economic Growth in selected African Countries: A Causality Test Approach

Akinbayo Olasoji Olasunkanmi

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Abstract

The consequences of economic crimes on economic growth and poverty alleviation across Africa are assumed to be scaring and tend to negatively impact the whole economic system. Therefore, this study set out to investigate the nexus between the economic crimes, poverty and economic growth in some selected African Countries between 1990 and 2020. Specifically, this study examined the causal relationship among economic growth, economic crimes and poverty. The study employed Panel Granger Causality test as the estimation technique to achieve the stated objective. Results obtained from Panel Granger Causality test showed that there is unidirectional causality running from economic crime to economic growth in the selected African Countries. Therefore, the study concludes that economic crime impacts economic growth but economic growth does not impact on economic crimes. In line with the finding and conclusion of the study, it was recommended that there is need for African countries to be more aware of economic crimes and take appropriate and effective measures to control economic crimes since this may facilitate poverty reduction and improvement the process of economic growth.

keywords:

Economic Crime, Poverty, Economic growth and Panel Granger Causality Test.

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