Corruption and economic development in energy-rich economies
Please cite this item using this persistent URLhttp://hdl.handle.net/11693/26750
Comparative Economic Studies
- Conference Paper 
We empirically model the causes of corruption and test the economic development-corruption link in energy-rich economies, using data from 48 countries with energy resources. The results indicate that energy abundance may not necessarily hurt economic development in energy-rich countries, allowing enterprises to conduct business more effectively to reduce corruption, establishing a better political (democratic) regime improves corruption rankings, and finally while corruption reduces both the level of GDP per capita and its growth rate, economic development decreases corruption.