Theoretical and Applied Economics
No. 9 / 2012 (574)
Corruption, democracy and bureaucracy
ICFAI University, Tripura, India
Abstract. This paper examines the relationship of corruption with democracy and bureaucracy in the 82 countries in a panel framework. For the analysis we use rule of law, regulatory quality, control over corruption and secondary school enrollment ratio as control variables. We find that democracy, rule of law and control over corruption decreases the level of corruption. When we allowed for interaction effect among independent variables we find the evidence of strong interaction effect between all of the explanatory variables. We also find that, surprisingly, higher democracy and rule of law are positively associated with the level of corruption while higher bureaucracy negatively.
Contents
Innovative clusters: a solution for the economic development of Romania
Corruption, democracy and bureaucracy
Testing weak form informational efficiency on the Romanian capital market
The impact of labour market imbalances on regional disparities in the post-crisis context
Laggards or performers? CEE vs. PIIGS countries’ catch-up with the Euro Area in the last ten years
Economy of Referential Preferences A new mathematical approach for choice theory and general equilibrium
The industry of copies – obstacle for the economic recovery. Examples from the markets
The road to the new economy
Globalization and the identity dilemma
Economic fundamentals: between consecration and contestation