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Globalization and Corruption, revisited

Badinger, Harald and Nindl, Elisabeth (2014) Globalization and Corruption, revisited. World Economy, 37 (10). pp. 1424-1440. ISSN 0378-5920

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Abstract

This paper presents new empirical evidence on the determinants of corruption, focussing on the role of globalisation and inequality. The estimates for a panel of 102 countries over the period 1995-2005 point to three main results: (i) Detection technologies, reflected in a high level of development, human capital and political rights reduce corruption, whereas natural resource rents increase corruption; (ii) Globalisation (in terms of both trade and financial openness) has a negative effect on corruption, which is more pronounced in developing countries; (iii) Inequality increases corruption, and once the role of inequality is accounted for, the impact of globalisation on corruption is halved. In line with recent theory, this suggests that globalisation - besides reducing corruption through enhanced competition - affects corruption also by reducing inequality.

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version requires a subscription. This is the peer reviewed version of the following article, which has been published in final form at http://dx.doi.org/10.1111/twec.12156. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Keywords: Globalization, inequality, corruption
Divisions: Departments > Volkswirtschaft > Internationale Wirtschaft
Forschungsinstitute > Europafragen
Version of the Document: Accepted for Publication
Depositing User: Gertraud Novotny
Date Deposited: 15 Mar 2017 16:12
Last Modified: 15 Mar 2017 16:55
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/67744/
URI: http://epub.wu.ac.at/id/eprint/5470

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