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| Andreas Assiotis |
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| ''Corruption and Income'' |
| ( 2012, Vol. 32 No.2 ) |
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| This paper examines whether countries with higher income have less corruption. Earlier studies, utilizing pure cross-section regressions, establish a strong association between income and corruption but do not consider factors (presumably, long-run historical factors) that simultaneously could affect both variables. Employing fixed effects methodologies and thus controlling for such factors, we show that the statistical association between income and corruption disappears. |
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| Keywords: Corruption, Income, Economic Development |
JEL: O1 - Economic Development: General
D7 - Analysis of Collective Decision-Making: General |
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| Manuscript Received : Jan 17 2012 | | Manuscript Accepted : May 09 2012 |
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