Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97435
Authors: 
Cooray, Arusha
Schneider, Friedrich
Year of Publication: 
2013
Series/Report no.: 
Working Paper, Department of Economics, Johannes Kepler University of Linz 1322
Abstract: 
This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is compounded by increased government expenditure and increased size of the shadow economy.
Subjects: 
corruption
public debt
government expenditure
shadow economy
military expenditure
JEL: 
D78
E26
H2
H11
H26
K42
O5
O11
O16
O17
Document Type: 
Working Paper

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