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http://hdl.handle.net/10419/50879
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| Title: | | The intriguing nexus between corruption and capital account restrictions  |
| Authors: | | Dreher, Axel Siemers, Lars |
| Issue Date: | | 2005 |
| Series/Report no.: | | Arbeitspapiere // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 113 |
| Abstract: | | The paper develops a theoretical model showing a mutual relationship between corruption and capital account restrictions. According to the model, higher corruption induces stricter restrictions and vice versa. We test the model using panel data for 112 countries over the period 1984-2002 and find that corruption and restrictions are indeed mutually determined. Estimating the model simultaneously, capital account restrictions induce higher corruption. Higher corruption, in turn, is associated with more restrictions on the capital account. The empirical relationship is, however, not completely robust. |
| Subjects: | | corruption capital account restrictions dynamic panel |
| JEL: | | C33 D19 F33 G11 H26 O17 |
| Persistent Identifier of the first edition: | | doi:10.3929/ethz-a-005104867 |
| Document Type: | | Working Paper |
| Appears in Collections: | | KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich
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