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The Consequences of Corruption on Inflation in Developing Countries: Evidence from Panel Cointegration and Causality Tests      
Yazarlar
Şerife Özşahin
Necmettin Erbakan Üniversitesi, Türkiye
Prof. Dr. Gülbahar ÜÇLER
Ahi Evran Üniversitesi, Türkiye
Özet
Up until the 1980s, studies on corruption were dominated by disciplines of public administration and sociology. In the following years, however, economists have also provided a good amount of research on this issue. According to Transparency International Agency, corruption, which has a negative impact on most macroeconomic indicators, is "the abuse of entrusted power for private gain". Even though the disruption of corruption causing weak growth and investment rates has long been examined, there is little evidence regarding its impact on inflation. In this study, the nexus between corruption and inflation was investigated for 20 countries over the period 1995-2015. Estimation results indicated that high corruption increased inflation rates, and that there was a unidirectional causal relationship from corruption to inflation for ten countries in the sample.
Anahtar Kelimeler
corruption, inflation, heritage foundation, panel data analysis
Makale Türü Özgün Makale
Makale Alt Türü ESCI dergilerinde yayımlanan tam makale
Dergi Adı Economies
Dergi ISSN 2227-7099
Dergi Tarandığı Indeksler ESCI: Emerging Sources Citation Index
Makale Dili İngilizce
Basım Tarihi 12-2017
Cilt No 5
Sayı 4
Sayfalar 49 /
Doi Numarası 10.3390/economies5040049
Makale Linki http://www.mdpi.com/2227-7099/5/4/49