Corruption and the military in politics: theory and evidence from around the world
Recent theoretical developments and case study evidence suggests a relationship between the military in politics and corruption. This study contributes to this literature by analyzing theoretically and empirically the role of the military in politics and corruption for the first time. By drawing on a cross sectional and panel data set covering a large number of countries, over the period 1984-2007, and using a variety of econometric methods substantial empirical support is found for a positive relationship between the military in politics and corruption. In sum, our results reveal that a one standard deviation increase in the military in politics leads to a 0.22 unit increase in corruption index. This relationship is shown to be robust to a variety of specification changes, different econometric techniques, different sample sizes, alternative corruption indices and the exclusion of outliers. This study suggests that the explanatory power of the military in politics is at least as important as the conventionally accepted causes of corruption, such as economic development.
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- Jérôme Héricourt & Sandra Poncet, 2007.
"FDI and credit constraints : firm level evidence in China,"
Documents de travail du Centre d'Economie de la Sorbonne
bla07009, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Jérôme Héricourt, 2007. "FDI and Credit Constraints: Firm Level Evidence in China," Working Papers 2007-11, CEPII research center.
- Jérôme Héricourt & Sandra Poncet, 2007. "FDI and credit constraints : firm level evidence in China," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00144621, HAL.
- Brown, James R. & Petersen, Bruce C., 2009. "Why has the investment-cash flow sensitivity declined so sharply? Rising R&D and equity market developments," Journal of Banking & Finance, Elsevier, vol. 33(5), pages 971-984, May.
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