Volume 19, Issue 3 (2019)                   QJER 2019, 19(3): 109-144 | Back to browse issues page

‎ 20.1001.1.17356768.1398.19.3.6.4

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Baghcheghi A, Khoshnoodi A, Harati J. Investigation of the Interaction Effect of Democracy and Security of Property Rights on Corruption in Selected Countries . QJER 2019; 19 (3) :109-144
URL: http://ecor.modares.ac.ir/article-18-23529-en.html
Investigation of the Interaction Effect of Democracy and Security of Property Rights on Corruption in Selected Countries
Aghdas Baghcheghi1 , Abdollah Khoshnoodi * 2, Javad Harati3
1- M.A. in Economics, University of Bojnord, Bojnord, Iran
2- Assistant Professor of Economics, University of Bojnord, Bojnord, Iran , akhoshnoodi@ub.ac.ir
3- Assistant Professor of Economics, University of Bojnord
Abstract:   (6358 Views)
Corruption is a historical and global phenomenon, which exists in both developed and developing countries. Various cultural, social, economic and political factors affect corruption. Among these, security of property rights and democracy influence financial corruption. In this study, using a panel data system and generalized least squares method, the interactive effects of democracy and security of property rights on corruption are examined in 59 selected developed and developing countries during 2005-2014. The findings of estimations with various indicators of democracy (Polity2, FH, and Political Rights) show that whereas protection of property rights reduces corruption in any political environment, the presence of democracy in society cannot reduce corruption alone. Democracy should be accompanied by high levels of security of property rights in order to affect financial corruption negatively. In addition, while protecting property rights reduces corruption in any political environment, it is more effective against corruption at high levels of democracy.
Keywords: Democracy, Security of Property Rights, Corruption
Full-Text [PDF 1185 kb]   (2134 Downloads)    
Article Type: Original Research | Subject: Economics
Received: 2018/07/27 | Accepted: 2019/07/30 | Published: 2019/07/30
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