Effects of corruption on economic growth in Islamic countries (With emphasis on the economy)

One of the main goals of all economic systems, including the economy, growth and economic development. In this regard, different patterns of economic growth, especially neoclassical growth models, differences in economic performance due to differences in economic factors such as capital (physical and human) and productivity of thought, but the differences in capital accumulation and productivity root factors institutional economics institutional structure of each country in which it is present. In this study we investigated the effect of institutional factors on economic growth alongside other economic factors considered. Institutional factors include institutions of governance (voice and accountability, political stability, control of corruption, rule of law, bureaucratic quality and effectiveness of government), which is considered separately for the Islamic countries of Egypt, Iran, Turkey, Saudi Arabia Malaysia, Indonesia and Kuwait with different levels of development in the period (1980-2005)were analyzed using the panel data. The results show the effectiveness of the institutional and governance factors for Iran, Egypt, Turkey and Indonesia have less impact than in other countries.