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Impact of Compound Democracy Variables on Corruption Control; with Special Reference to Property Rights (in Persian)

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  • Sepehrdoust, Hamid

    (Iran)

  • Berjisian, Adel

    (Iran)

Abstract

Corruption is an economic, political and cultural disorder phenomenon, that influence on developed and developing countries.In this study, first, we identify the phenomenon of corruption in a general equilibrium analysis. Then, we investigate the relationship between corruption, property right, and democracy, on the basis of the evidence from developing economies. For this purpose, a panel model is used to analyze relevant data of 53 selected developing countries for the period of 1996 and 2013. The results indicate significant negative effects of democracy, property rights, economic growth and investment on the level of corruption. Moreover, Gini coefficient of inequality and political instability have a significant and positive effect on corruption. Our findings also show by adding the interaction variable between democracy and property right protection as a new variable, the relationship between the corruption and democracy increase and that shows that the effect of democracy on corruption is empowered with the property right protection variable.

Suggested Citation

  • Sepehrdoust, Hamid & Berjisian, Adel, 2016. "Impact of Compound Democracy Variables on Corruption Control; with Special Reference to Property Rights (in Persian)," Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 9(29), pages 457-485, October.
    • Handle: RePEc:mbr:jmbres:v:9:y:2016:i:29:p:457-485
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    More about this item

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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