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Does corruption throw sand into or grease the wheels of financial sector development?

Public choice, 2018-10, Vol.177 (1/2), p.111-133 [Peer Reviewed Journal]

The Author(s) 2018 ;Public Choice is a copyright of Springer, (2018). All Rights Reserved. © 2018. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 0048-5829 ;EISSN: 1573-7101 ;DOI: 10.1007/s11127-018-0592-7

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  • Title:
    Does corruption throw sand into or grease the wheels of financial sector development?
  • Author: Cooray, Arusha ; Schneider, Friedrich
  • Subjects: Corruption ; Dummy ; Economics ; Economics and Finance ; Financial services ; Interaction terms ; Political Science ; Public Finance
  • Is Part Of: Public choice, 2018-10, Vol.177 (1/2), p.111-133
  • Description: This paper examines the relationship between corruption and financial sector development in 106 countries. Using dummy variables to capture different levels of corruption, and interaction terms to see if financial sector development depends on institutional structures, we find evidence to support the ‘sand the wheels’ hypothesis. The results suggest that a decline in corruption is associated with higher levels of financial sector development.
  • Publisher: New York: Springer Science + Business Media
  • Language: English
  • Identifier: ISSN: 0048-5829
    EISSN: 1573-7101
    DOI: 10.1007/s11127-018-0592-7
  • Source: Springer Nature OA/Free Journals
    ProQuest Central
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