Is there a Corruption-effect on Conspicuous Consumption?

Omer Gokcekus and Yui Suzuki

Margin: The Journal of Applied Economic Research, 2014, vol. 8, issue 3, 215-235

Abstract: This study empirically explores the following issue: Does corruption fuel conspicuous consumption? It examines the existence and magnitude of any potential corruption-effect on conspicuous consumption expenditure. Regression analyses of an unbalanced panel data for 20 OECD countries between 2004 and 2010 indicate that luxury car sales are higher by 191 per cent in a country with a high perceived corruption level, for example, CPI score of 4.5, as compared to a country with a low perceived corruption level, for example, CPI score of 9.0, ceteris paribus. JEL Classification: D12; D73

Keywords: Corruption; Conspicuous Consumption; Luxury Cars (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:8:y:2014:i:3:p:215-235

DOI: 10.1177/0973801014531135

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