EconPapers    
Economics at your fingertips  
 

Does corruption throw sand into or grease the wheels of financial sector development?

Arusha Cooray and Friedrich Schneider (friedrich.schneider@jku.at)

Public Choice, 2018, vol. 177, issue 1, No 6, 133 pages

Abstract: Abstract This paper examines the relationship between corruption and financial sector development in 106 countries. Using dummy variables to capture different levels of corruption, and interaction terms to see if financial sector development depends on institutional structures, we find evidence to support the ‘sand the wheels’ hypothesis. The results suggest that a decline in corruption is associated with higher levels of financial sector development.

Keywords: Corruption; Financial sector; Panel data (search for similar items in EconPapers)
JEL-codes: O11 O16 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (34)

Downloads: (external link)
http://link.springer.com/10.1007/s11127-018-0592-7 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:pubcho:v:177:y:2018:i:1:d:10.1007_s11127-018-0592-7

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11127/PS2

DOI: 10.1007/s11127-018-0592-7

Access Statistics for this article

Public Choice is currently edited by WIlliam F. Shughart II

More articles in Public Choice from Springer
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).

 
Page updated 2025-01-07
Handle: RePEc:kap:pubcho:v:177:y:2018:i:1:d:10.1007_s11127-018-0592-7