Ekonomická a finančná matematika
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Seminár NBS 7.9.2012-RAJEEV K.GOEL-ILLINOIS STATE UNIVERSITY
http://www.iam.fmph.uniba.sk/studium/efm/forum/viewtopic.php?f=23&t=546
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Autor:  matus.senaj [ Str Sep 05, 2012 7:41 am ]
Predmet príspevku:  Seminár NBS 7.9.2012-RAJEEV K.GOEL-ILLINOIS STATE UNIVERSITY

Dobrý deň,
rád by som Vás pozval na seminár odboru výskumu, ktorý sa uskutoční v piatok 7. septembra 2012 o 13:00 v zasadačke na ôsmom poschodí v budove NBS.

RAJEEV K. GOEL (ILLINOIS STATE UNIVERSITY)
ECONOMIC UNCERTAINTY AND CORRUPTION: EVIDENCE FROM A LARGE CROSS-COUNTRY DATA SET


Abstract
Substantial research has considered numerous causes and correlates of corruption. Also, there have been many studies of the consequences of various forms of uncertainty. However, exploration of the nexus between economic uncertainty and corruption appears scarce. After providing a simple intuitive and heuristic linkage between general economic uncertainty and corruption, this paper uses a large cross-country data set to augment a fairly standard model with simple proxies for uncertainty and to investigate how economic uncertainty might affect prevalence of corruption. In addition, a quantile-regression framework is used to judge how the strength of various covariates may differ with the level of corruption. Seven main points emerge from the estimates. First, economic uncertainty is associated positively with corruption, and the relation seems robust across measures of uncertainty and corruption. Second, quantile regression estimates indicate considerable parametric heterogeneity across the distribution of corruption. Third, GDP per capita has the expected corruption-mitigating role. Fourth, "freedom" of political rights and civil liberties also appears to lower corruption. Fifth, increased government consumption is associated with lower corruption. Sixth, while the hyperinflation dummy lacks significance in most OLS regressions, its significance varies across the distribution of corruption. Seventh, neither police force nor government subsidies shows significance, but transition economies have more corruption.

Pripájam štúdiu.

Účasť na seminári prosím potvrďte emailom na adrese matus.senaj@nbs.sk.

Prajem pekný deň,

Matúš Senaj
Odbor výskumu
Národná banka Slovenska
tel.: 02 5787 2935
e-mail: matus.senaj@nbs.sk
web: http://www.nbs.sk/sk/publikacie/vyskumne-studie
http://ideas.repec.org/f/pse317.html

Prílohy:
Goel NBS paper.pdf [176.9 KiB]
596 krát

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