Natural resource exports and corruption
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Date
2015-05
Type
Journal Article
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Abstract
We investigate the effect of natural resource exports on corruption in the developing economies. Our findings reveal that agricultural and metal and ores exports are significantly negatively correlated with corruption. Much of the developing world is characterized with weaknesses in judicial systems, poor enforcement of laws, rampant cronyism, and generally imperfect institutions. One of the combined effects of such weaknesses in institutional quality is that corruption not only tends to emerge but
flourishes with regressive economic and social side effects. Recent indicators of corruption from Transparency International (www.transperancy.org) reveal the worsening state of corruption in several countries. For example, according to Transparency International’s Corruption Perceptions Index (0 = highly corrupt to 100 = very clean), of the 176 countries assessed in 2012, two thirds scored below 50 (scale of 0 to 100) and many were developing countries.
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© International Atlantic Economic Society 2015