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Business cycle and corruption

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  • Gokcekus, Omer
  • Suzuki, Yui

Abstract

In studying the Great Depression, Galbraith asserts that the higher the transitory income the higher the corruption. For a panel of 39 countries over 13Â years, 1995-2007, Galbraith's claim holds. Regression analyses also confirm that the higher the permanent income, the lower the corruption.

Suggested Citation

  • Gokcekus, Omer & Suzuki, Yui, 2011. "Business cycle and corruption," Economics Letters, Elsevier, vol. 111(2), pages 138-140, May.
    • Handle: RePEc:eee:ecolet:v:111:y:2011:i:2:p:138-140
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    References listed on IDEAS

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    Cited by:

    1. Potrafke, Niklas, 2012. "Intelligence and corruption," Economics Letters, Elsevier, vol. 114(1), pages 109-112.
    2. Joël CARIOLLE, 2014. "Corruption in Turbulent Times: a Response to Shocks?," Working Papers P106, FERDI.
    3. Biggerstaff, Lee & Cicero, David C. & Puckett, Andy, 2015. "Suspect CEOs, unethical culture, and corporate misbehavior," Journal of Financial Economics, Elsevier, vol. 117(1), pages 98-121.
    4. Arielle Beyaert & José García-Solanes & Laura López-Gómez, 2023. "Did the Euro Really Increase Corruption in the Eurozone? A Counterfactual Analysis," Hacienda Pública Española / Review of Public Economics, IEF, vol. 244(1), pages 3-36, March.
    5. Frank Kwabi & Agyenim Boateng & Samuel Fosu & TingTing Zhu & Marian Chijoke‐Mgbame, 2022. "Foreign equity portfolio flow and corruption: A cross‐country evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 68-87, January.
    6. Richard L. Carson, 2009. "Rent Seeking and Inclusiveness," Carleton Economic Papers 09-05, Carleton University, Department of Economics, revised 19 Dec 2016.
    7. Eiji Yamamura, 2013. "Public sector corruption and the probability of technological disasters," Economics of Governance, Springer, vol. 14(3), pages 233-255, August.
    8. Joël CARIOLLE, 2014. "Corruption in Turbulent Times: a Response to Shocks?," Working Papers P106, FERDI.
    9. Khalid Sekkat, 2022. "Have you been served, your honor? Yes, thank you, your excellency: the judiciary and political corruption," Constitutional Political Economy, Springer, vol. 33(3), pages 326-353, September.

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