Economic Freedom Versus Political Freedom: Cross‐country Influences on Corruption*

Goel, Rajeev K.; Nelson, Michael A.

doi:10.1111/j.1467-8454.2005.00253.x

Cited by 169 publications

(138 citation statements)

References 30 publications

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“…Borrowing from recent development threshold literature (Asongu, 2012d), we control for inflation, economic prosperity, population growth, autocracy, foreign investment, trade, per capita economic prosperity and public investment. These control variables are broadly consistent with the causes of institutional quality (Goel & Nelson, 2005;Lambsdorff, 2006). …”

Section: Datasupporting

confidence: 51%

Institutional Benchmarking of Foreign Aid Effectiveness in Africa

Asongu

2012

SSRN Journal

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Section: Datasupporting

confidence: 51%

Institutional Benchmarking of Foreign Aid Effectiveness in Africa

Asongu

2012

SSRN Journal

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“…Furthermore, as Jain (2001) indicates, these three elements of corruption can be broken into two parts -the first two Word count 8,954 To appear in Journal of Money Laundering Control Author's pre-publication proof (DOI no: 10.1108/13685201011083885) (DiRienzo et al, 2007), inequality of income distribution and government size (Husted, 1999), Hofstede's cultural values (Husted, 1999;Davis and Ruhe, 2003;DiRienzo,et al,. 2007;), economic freedom (Goel and Nelson, 2005), and competition (Ades and Di Tella, 1999;Svensson, 2005).…”

Section: Literature Reviewmentioning

confidence: 99%

Accounting and corruption: a cross‐country analysis

Malagueño

Albrecht

Ainge

et al. 2010

Journal of Money Laundering Control

103

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* The Authors would like to thank the generous support of the Research Group, a nationally recognized consortium of university scholars, corporate leaders, and qualified undergraduate students dedicated to high quality, collaborative research that contributes to the business profession. AbstractPurpose -The purpose of this paper is to better understand the relationship between accounting and auditing quality and the perceived level of corruption. Design/methodology/approach -This relationship is studied by performing a cross-country analysis using public data to measure accounting quality, audit quality, and corruption. Findings -Consistent with our predictions, we find evidence that accounting and auditing quality are significantly related to the level of perceived corruption in a country.Research Limitations/implications -These findings suggest that countries with more transparent reporting have lower levels of perceived corruption and that the level of perceived corruption may be reduced in a country by improving accounting and auditing quality. Practical implications -The findings suggest that countries can reduce the level of perceived corruption by improving the transparency of financial reporting by improving accounting and auditing standards. Originality/value -While significant amounts of research has examined perceived corruption, this study is the first to address the impact of high quality accounting information on the level of perceived corruption.

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“…The effect of democracy is almost always positive, confirming the position that political freedoms create conditions that monitor corrupt activities (Goel & Nelson, 2005;Serra, 2006). …”

Section: Resultsmentioning

confidence: 50%

“…A major election promise common to most African countries is the fight against corruption. Government quality enshrined in regulation quality, rule of law, government effectiveness, voice & accountability and political stability(no violence) ensure greater economic and political freedoms which lead to less corruption (Chowdhury, 2004;Goel & Nelson, 2005). The size of the population is also likely to affect corruption, especially if demographic increase is accompanied with a higher degree of urbanization (Billger & Goel, 2009).…”

Section: Datamentioning

confidence: 99%

Fighting Corruption in Africa: Do Existing Corruption-Control Levels Matter?

Asongu

2014

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Findings -Results could be summarized in the following. (1) Greater economic prosperity leads to less corruption-control and the magnitude of the effect is more important in countries where the fight against corruption is high. (2) Regulation quality seems bimodal, with less positive effects in the tails: among the best and least fighters of corruption. (3) There is support for a less negative consequence of population growth in countries that are already taking the fight against corruption seriously in comparison to those that are lax on the issue. (4) Findings on democracy broadly indicate the democratization process increases the fight against corruption with a greater magnitude at higher quantiles: countries that are already taking the fight seriously. Terms of use: Documents in(5) The relevance of voice and accountability in the battle against corruption decreases as corruption-control is taking more seriously by the powers that be. (6) Good governance dynamics of political stability, government effectiveness and the rule of law gain more importance in the fight against corruption when existing levels of corruption-control are already high.Social implications -Our results suggest that the determinants of corruption-control respond differently across the corruption-control distribution. This implies some current corruptioncontrol policies may be reconsidered, especially among the most corrupt and least corrupt African nations. As a policy implication, the fight against corruption should not be postponed, doing so will only reduce the effectiveness of policies in the future. The rewards of institutional reforms are more positive in countries that are already seriously engaged in the corruption fight.1 Simplice A. Asongu is Lead economist in the Research Department of the AGDI (asongus@afridev.org). 3Originality/value -This paper contributes to existing literature on the determinants of corruption by focusing on the distribution of the dependent variable(control of corruption). It is likely that good and poor corruption fighters respond differently to factors that influence the fight against corruption. There are subtle institutional differences between corrupt and clean nations that may affect corruption-control determinants and government efficacy in the fight against corruption.

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Economic Freedom Versus Political Freedom: Cross‐country Influences on Corruption*

Cited by 169 publications

References 30 publications

Institutional Benchmarking of Foreign Aid Effectiveness in Africa

Institutional Benchmarking of Foreign Aid Effectiveness in Africa

Accounting and corruption: a cross‐country analysis

Fighting Corruption in Africa: Do Existing Corruption-Control Levels Matter?

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