35 Pages Posted: 16 Feb 2005
This study uses a cross-country panel to examine the determinants of corruption, paying particular attention to political institutions that increase accountability. Even though the theoretical literature has stressed the importance of political institutions in determining corruption, the empirical literature is relatively scarce. Our results confirm the role of political institutions in determining the prevalence of corruption. Democracies, parliamentary systems, political stability, and freedom of press are all associated with lower corruption. Additionally, common results of the previous empirical literature, related to openness and legal tradition, do not hold once political variables are taken into account.
Suggested Citation: Suggested Citation
Lederman, Daniel and Loayza, Norman and Soares, Rodrigo R., Accountability and Corruption: Political Institutions Matter. Economics & Politics, Vol. 17, No. 1, pp. 1-35, March 2005. Available at SSRN: https://ssrn.com/abstract=668131
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