The Effect of Democracy on Corruption: Income is Key

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dc.citation.epage304
dc.citation.journalTitleWorld Developmenteng
dc.citation.spage286
dc.citation.volume74
dc.contributor.affiliationUniversity of Western Australia and IZA (Bonn), Crawley, Australiaspa
dc.contributor.affiliationUniversidad Eafit,Escuela de Economía y Finanzas, Medellín, Antioquia, Colombiaspa
dc.contributor.affiliationUniversidad Eafit,Escuela de Economía y Finanzas, Medellín, Antioquia, Colombiaspa
dc.contributor.authorJetter, Michaelspa
dc.contributor.authorMontoya Agudelo,Alejandraspa
dc.contributor.authorRamírez Hassan Andrésspa
dc.contributor.departmentEscuela de Economía y Finanzasspa
dc.contributor.departmentEconomíaspa
dc.contributor.programEstudios en Economía y Empresaspa
dc.date2015-06
dc.date.accessioned2015-11-06T16:24:57Z
dc.date.available2015-11-06T16:24:57Z
dc.date.issued2015-06
dc.description.abstractThis paper provides an explanation for the ambiguous relationship between democracy and corruption. Using rich panel data with annual observations from 1998 to 2012 allows us to control not only for country- and time-invariant factors but also for potentialreverse causality between corruption and income levels in a 3SLS framework. Democracy reduces corruption but only in economies that have already crossed a GDP/capita level of approximately US$2,000 (in 2005 US$). For poorer nations, democratization is suggested to increase corruption. Other institutional characteristics are unlikely to drive this result and findings are robust to a variety of robustness checks and quantile regressions.eng
dc.identifier.doi10.1016/j.worlddev.2015.05.016
dc.identifier.issn0305-750X
dc.identifier.urihttp://hdl.handle.net/10784/7512
dc.language.isoengeng
dc.publisherElseviereng
dc.relation.ispartofWorld Development. Vol.74, 2015, pp.286-304spa
dc.relation.isversionofhttp://www.sciencedirect.com.ezproxy.eafit.edu.co/science/article/pii/S0305750X15001254
dc.relation.urihttp://www.sciencedirect.com.ezproxy.eafit.edu.co/science/article/pii/S0305750X15001254
dc.rightsrestrictedAccesseng
dc.rights©2015 Elsevier Ltd. All rights reserved.spa
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccesseng
dc.rights.localAcceso restringidospa
dc.sourceWorld Development. Vol.74, 2015, pp.286-304spa
dc.subject.keywordcorruptioneng
dc.subject.keyworddemocracyeng
dc.subject.keywordincome levelseng
dc.subject.keywordpanel dataeng
dc.subject.keywordregime typeeng
dc.titleThe Effect of Democracy on Corruption: Income is Keyeng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.hasVersionpublishedVersioneng
dc.type.localArtículospa

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