Corruption and saving in a panel of countries
AbstractSaving depends on the incentives to save and the ability to save. The literature provides evidence that many of the key determinants of saving are correlated with the incidence of corruption. There are also a priori reasons to expect a direct relationship between corruption and saving. Our paper extends the literature on corruption and capital flight to the empirical analysis of cross-country differences in the rate of saving. We present evidence that corruption adversely affects the gross national saving rate by encouraging capital flight. Our results also indicate that the level of income, the growth rate of real per capita income and the tax-GDP ratio are the important channels via which the effects of corruption on saving are transmitted.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Macroeconomics.
Volume (Year): 30 (2008)
Issue (Month): 3 (September)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622617
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Arellano, Manuel & Bond, Stephen, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
Review of Economic Studies,
Wiley Blackwell, vol. 58(2), pages 277-97, April.
- Tom Doan, . "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Mauro, Paolo, 1995. "Corruption and Growth," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 681-712, August.
- You, Jong-Sung & Khagram, Sanjeev, 2004. "Inequality and Corruption," Working Paper Series rwp04-001, Harvard University, John F. Kennedy School of Government.
- Treisman, Daniel, 2000. "The causes of corruption: a cross-national study," Journal of Public Economics, Elsevier, vol. 76(3), pages 399-457, June.
- Masson, Paul R & Bayoumi, Tamim & Samiei, Hossein, 1998.
"International Evidence on the Determinants of Private Saving,"
World Bank Economic Review,
World Bank Group, vol. 12(3), pages 483-501, September.
- Paul R. Masson & Tamim Bayoumi & Hossein Samiei, 1995. "International Evidenceon the Determinants of Private Saving," IMF Working Papers 95/51, International Monetary Fund.
- Isaac Ehrlich & Francis T. Lui, 1999. "Bureaucratic Corruption and Endogenous Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 107(S6), pages S270-S293, December.
- Norman Loayza & Klaus Schmidt-Hebbel & Luis Servén, 2000.
"What Drives Private Saving Across the World?,"
The Review of Economics and Statistics,
MIT Press, vol. 82(2), pages 165-181, May.
- Loayza, N. & Schmidt, K. & Serven, L., 1999. "What Drives Private Saving Across the World?," Papers 47, Cambridge - Risk, Information & Quantity Signals.
- Norman Loayza & Klaus Schmidt-Hebbel & Luis Servén, 1999. "What Drives Private Saving Across the World?," Working Papers Central Bank of Chile 47, Central Bank of Chile.
- Jain, Arvind K., 1988. "An agency theoretic explanation of capital flight," Economics Letters, Elsevier, vol. 28(1), pages 41-45.
- Hongyi Li & Lixin Colin Xu & Heng-fu Zou, 2000.
"Corruption, Income Distribution, and Growth,"
Economics and Politics,
Wiley Blackwell, vol. 12(2), pages 155-182, 07.
- Edwards, Sebastian, 1996. "Why are Latin America's savings rates so low? An international comparative analysis," Journal of Development Economics, Elsevier, vol. 51(1), pages 5-44, October.
- Hunt, Jennifer, 2004.
"Trust and Bribery: The Role of the Quid Pro Quo and the Link with Crime,"
IZA Discussion Papers
1179, Institute for the Study of Labor (IZA).
- Jennifer Hunt, 2004. "Trust and Bribery: The Role of the Quid Pro Quo and the Link with Crime," NBER Working Papers 10510, National Bureau of Economic Research, Inc.
- Hunt, Jennifer, 2004. "Trust and Bribery: The Role of the Quid Pro Quo and the Link With Crime," CEPR Discussion Papers 4567, C.E.P.R. Discussion Papers.
- Pual Pecorino, 1992. "Rent Seeking and Growth: The Case of Growth through Human Capital Accumulation," Canadian Journal of Economics, Canadian Economics Association, vol. 25(4), pages 944-56, November.
- Khaled Hussein & A. P. Thirlwall, 1999.
"Explaining differences in the domestic savings ratio across countries: A panel data study,"
Journal of Development Studies,
Taylor & Francis Journals, vol. 36(1), pages 31-52.
- Khaled A. Hussein & A.P. Thirlwall, 1999. "Explaining Differences in the Domestic Savings Ratio Across Countries: A Panel Data Study," Studies in Economics 9904, Department of Economics, University of Kent.
- Rose-Ackerman,Susan, 1999. "Corruption and Government," Cambridge Books, Cambridge University Press, number 9780521632935, October.
- Rose-Ackerman,Susan, 1999. "Corruption and Government," Cambridge Books, Cambridge University Press, number 9780521659123, October.
- Pastor, Manuel Jr., 1990. "Capital flight from Latin America," World Development, Elsevier, vol. 18(1), pages 1-18, January.
- Andreas Freytag & Sebastian Voll, 2013. "Institutions and savings in developing and emerging economies," Public Choice, Springer, vol. 157(3), pages 475-509, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.