THE IMPACTS OF GLOBAL ECONOMIC SANCTIONS ON CORRUPTION: A GLOBAL ANALYSIS

Hoa Mai Thi Tran (), My Ha Nguyen and Ha Thanh Le ()
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Hoa Mai Thi Tran: National Economics University, Vietnam
My Ha Nguyen: National Economics University, Vietnam
Ha Thanh Le: National Economics University, Vietnam

Global Economy Journal (GEJ), 2022, vol. 22, issue 04, 1-29

Abstract: This paper investigates the influences of global economic sanctions on corruption by using the structural gravity model for 148 sanctioned countries (108 developing countries and 40 developed countries) during the 1995–2018 period. We consider various forms of sanction, including arms, military, trade, finance, travel, and others. The results reveal that the imposition of sanctions, especially arm, financial, travel, and other sanctions have a significantly negative effect on the prevalence of corruption of target countries. The effects are also largely heterogeneous across sanctioned countries in terms of their economic development. Furthermore, the properties of the institutional quality of the sanctioned state critically affect the relationship between global sanctions and national corruption. Particularly, the well-developed institutional quality helps target countries address the consequences of global sanctions on national corruption. The empirical findings of this study are expected to provide vital insightful lessons for economists and policymakers in the target countries in combating the corruption pervasiveness.

Keywords: Global sanctions; corruption; institutional quality (search for similar items in EconPapers)
JEL-codes: C33 F21 G21 O16 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1142/S2194565923500136

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