How Does Corruption Affect Public Debt? An Empirical Analysis

Research, Preprint OPEN
Arusha Cooray ; Friedrich Schneider (2013)
  • Publisher: Linz: Johannes Kepler University of Linz, Department of Economics
  • Subject: D78 | H11 | H2 | public debt | O11 | military expenditure | O17 | O16 | shadow economy | government expenditure | O5 | E26 | K42 | H26 | corruption, public debt, government expenditure, shadow economy, military expenditure | corruption
    • jel: jel:O5 | jel:O16 | jel:O17 | jel:O11 | jel:H11 | jel:D78 | jel:H2 | jel:H26 | jel:E26 | jel:K42
      ddc: ddc:330

This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by government expenditure, the shado... View more
  • References (4)

    Abed G and Davoodi H (2002) “Corruption, Structural Reforms, and Economic Performance in the Transition Economies, in: George T. Abed and Sanjeev Gupta (Ed.): Governance, Corruption, & Economic Performance, International Monetary Fund, Publication Services, Washington, D.C., pp. 489-537.

    Aidt T (2003) “Economic Analysis of Corruption: A Survey” Economic Journal, 113, 632- 652.

    Al-Marhubi F (2000) Corruption and Inflation, Economics Letters, 66, 199-202.

    65.92 Standard Deviation 53.94 0.60 1.45 287.53 1.57 3.06 1.12 0.17 14.65 38.60 2.27 61.38 14.40 11.75 3.76 2.33 25.87 1675.06 1720.68 82.66 9581.06 7.5 Transparency International 2013 69.54 68.3 Schneider et al. (2010) 39.62 119.78 61.02 96.04 86.77 6.52 11.09 2.40 27.49 6.70 12.05 34.28 6.01 2.05 11.9 0.09 5.16 0.12 5.43 1.00

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