Browsing by Subject "Energy rich economies"

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    Corruption and economic development in energy-rich economies
    (Palgrave Macmillan Ltd., 2009) Kalyuzhnova, Y.; Kutan, A. M.; Yiğit, Taner
    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.