The Consequences of Corruption on Inflation in Developing Countries: Evidence from Panel Cointegration and Causality Tests
Küçük Resim Yok
Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Mdpi Ag
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Up until the 1980s, studies on corruption were dominated by disciplines of public administration and sociology. In the following years, however, economists have also provided a good amount of research on this issue. According to Transparency International Agency, corruption, which has a negative impact on most macroeconomic indicators, is the abuse of entrusted power for private gain. Even though the disruption of corruption causing weak growth and investment rates has long been examined, there is little evidence regarding its impact on inflation. In this study, the nexus between corruption and inflation was investigated for 20 countries over the period 1995-2015. Estimation results indicated that high corruption increased inflation rates, and that there was a unidirectional causal relationship from corruption to inflation for ten countries in the sample.
Açıklama
Anahtar Kelimeler
Corruption, Inflation, Heritage Foundation, Panel Data Analysis
Kaynak
Economies
WoS Q Değeri
Scopus Q Değeri
Q2
Cilt
5
Sayı
4
