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How Does Corruption Affect Public Debt? An Empirical Analysis

Arusha Cooray and Friedrich Schneider ()

No 2013-22, Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria

Abstract: This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is compounded by increased government expenditure and increased size of the shadow economy.

Keywords: corruption; public debt; government expenditure; shadow economy; military expenditure (search for similar items in EconPapers)
JEL-codes: D78 E26 H2 H11 H26 K42 O5 O11 O16 O17 (search for similar items in EconPapers)
Date: 2013-12
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Journal Article: How Does Corruption Affect Public Debt? An Empirical Analysis (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:jku:econwp:2013_22

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