Corruption and economic development in energy-rich economies
Kutan, A. M.
Comparative Economic Studies
0888-7233 (print)1478-3320 (online)
Palgrave Macmillan Ltd.
165 - 180
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Please cite this item using this persistent URLhttp://hdl.handle.net/11693/26750
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.