Factors influencing the formation of corruption in oil-rich countries

Masoome Fouladi, Hedieh Setayesh and Yazdan Goudarzi-Farahani

No 7689, 2nd International Conference on Energy, Regional Integration and Socio-Economic Development from EcoMod

Abstract: Corruption undermines economic development and therefore it is one of the major factors hindering economic growth and political stability, especially in the developing countries. Studies in recent years show that countries with rich natural resources have the potential to shape corruption. Several studies have been done about this subject and different factors have been considered that most important are mechanisms for transparency, good management, good governance, human development and the degree of state dependence on oil revenues. This paper examines the factors affecting the level of corruption in 31 oil countries. This study uses GMM method and the period of time is 2000 to 2010 The results indicate that the size of the oil sector, government size, inflation, private sector debt, liquidity and democracy have a direct relationship with the level of corruption in these countries. However, the added value of the agricultural and industrial sectors and human development, relationships are reversed. So that with an increase in these indicators, the level of corruption in these countries has declined.

Keywords: Algeria; Angola; Argentina; Australia; Azerbaijan; Brazil; Canada; China; Ecuador; Egypt; India; Andvnzhy; Iran; Iraq; Kazakhstan; Kuwait; Libya; Malaysia; Mexico; Norway; Oman; Qatar; Russia; Saudi Arabia; Sudan; United Arabic Emirates; United Kingdom; America; Venezuela and Vietnam.; Other issues; Socio-economic development (search for similar items in EconPapers)
Date: 2014-10-01
New Economics Papers: this item is included in nep-ara, nep-cis, nep-cwa, nep-ene, nep-pol and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:ekd:006666:7689

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