Investigation of the Interaction Effect of Democracy and Security of Property Rights on Corruption in Selected Countries

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Baghcheghi Aghdas; KHOSHNOODI ABDOLLAH; HARATI JAVAD

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Journal: JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH) Year:2019 | Volume:19 | Issue:3 Page(s): 109-144

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Title

Investigation of the Interaction Effect of Democracy and Security of Property Rights on Corruption in Selected Countries

Author(s)

Baghcheghi Aghdas | KHOSHNOODI ABDOLLAH | HARATI JAVAD | Issue Writer Certificate

Keywords

DemocracyQ2

Security of Property RightsQ1

CorruptionQ1

Abstract

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.

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APA: Copy

Baghcheghi, Aghdas, KHOSHNOODI, ABDOLLAH, & HARATI, JAVAD. (2019). Investigation of the Interaction Effect of Democracy and Security of Property Rights on Corruption in Selected Countries. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), 19(3 ), 109-144. SID. https://sid.ir/paper/370103/en

Vancouver: Copy

Baghcheghi Aghdas, KHOSHNOODI ABDOLLAH, HARATI JAVAD. Investigation of the Interaction Effect of Democracy and Security of Property Rights on Corruption in Selected Countries. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH)[Internet]. 2019;19(3 ):109-144. Available from: https://sid.ir/paper/370103/en

IEEE: Copy

Aghdas Baghcheghi, ABDOLLAH KHOSHNOODI, and JAVAD HARATI, “Investigation of the Interaction Effect of Democracy and Security of Property Rights on Corruption in Selected Countries,” JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), vol. 19, no. 3 , pp. 109–144, 2019, [Online]. Available: https://sid.ir/paper/370103/en

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