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Corruption and Economic Development in Energy-rich Economies

Author

Listed:
  • Yelena Kalyuzhnova

    (The Centre for Euro-Asian Studies, The University of Reading, Whiteknights, PO Box 218, Reading RG6 6AA, UK.)

  • Ali M Kutan

    (Department of Economics and Finance, Southern Illinois University, Edwardsville, Il 62026-1102, USA.)

  • Taner Yigit

    (Department of Economics, Bilkent University, Ankara, Turkey.)

Abstract

We empirically model the causes of corruption and test the economic development–corruption link in energy-rich economies, using data from 48 countries with energy resources. The results indicate that energy abundance may not necessarily hurt economic development in energy-rich countries, allowing enterprises to conduct business more effectively to reduce corruption, establishing a better political (democratic) regime improves corruption rankings, and finally while corruption reduces both the level of GDP per capita and its growth rate, economic development decreases corruption. Comparative Economic Studies (2009) 51, 165–180. doi:10.1057/ces.2008.46

Suggested Citation

  • Yelena Kalyuzhnova & Ali M Kutan & Taner Yigit, 2009. "Corruption and Economic Development in Energy-rich Economies," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 51(2), pages 165-180, June.
    • Handle: RePEc:pal:compes:v:51:y:2009:i:2:p:165-180
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    Citations

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    Cited by:

    1. Ugur, Mehmet & Dasgupta, Nandini, 2011. "Corruption and economic growth: A meta-analysis of the evidence on low-income countries and beyond," MPRA Paper 31226, University Library of Munich, Germany, revised 31 May 2011.
    2. Hartwell, Christopher A., 2018. "The “Hierarchy of Institutions” reconsidered: Monetary policy and its effect on the rule of law in interwar Poland," Explorations in Economic History, Elsevier, vol. 68(C), pages 37-70.
    3. Mehmet Ugur, 2014. "Corruption'S Direct Effects On Per-Capita Income Growth: A Meta-Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 28(3), pages 472-490, July.
    4. Andrey V. Aistov & Elvina Mukhametova, 2015. "Determinants Of Corruption Perceptions: Transitional Vs. Developed Economies," HSE Working papers WP BRP 89/EC/2015, National Research University Higher School of Economics.
    5. Goel, Rajeev K. & Koehonen, Ikka, 2012. "Economic growth in BRIC countries and comparisons with rest of the world - Crescita economica nei paesi BRIC e confronti con il resto del mondo," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 65(3), pages 447-471.
    6. Najm, Sarah, 2019. "The green paradox and budgetary institutions," Energy Policy, Elsevier, vol. 133(C).
    7. Ruba A. Aljarallah & Andrew Angus, 2020. "Dilemma of Natural Resource Abundance: A Case Study of Kuwait," SAGE Open, , vol. 10(1), pages 21582440198, January.
    8. Kalyuzhnova, Yelena & Belitski, Maksim, 2019. "The impact of corruption and local content policy in on firm performance: Evidence from Kazakhstan," Resources Policy, Elsevier, vol. 61(C), pages 67-76.

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