Document Type

Journal Article

Faculty

Faculty of Business and Law

School

School of Business / Finance, Economics, Markets and Accounting Research Centre

RAS ID

14554

Comments

This is an Author's Accepted Manuscript of: Saha, S. , & Su, J. (2012). Investigating the Interaction Effect of Democracy and Economic Freedom on Corruption: A Cross-Country Quantile Regression Analysis. Economic Analysis and Policy, 42(3), 389-396. Available here

Abstract

This paper explores the interaction effects of economic freedom and democracy in controlling corruption for 100 countries by using quantile regression technique. The main contribution is to explore the interaction effects throughout conditional distribution of corruption across nations. Our results reinforce some findings in the literature, but also provide new conclusions. The findings suggest a stronger and significant interaction effect in reducing corruption, especially in the most-corrupt countries. However, democratic and economic freedoms alone may not cure corruption effectively in the most-corrupt nations, a sound democratic reform can eliminate corruption substantially only after achieving a threshold level of economic freedom.

DOI

10.1016/S0313-5926(12)50036-6

Access Rights

free_to_read

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