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Creation Date
10-25-2023
Description
In a previously published paper we emperically showed that rather than democracy, a country's quality of institutions, like contract enforcement, have a statistically significant and positive impact on economic growth. During my sabbatical, I am working on a follow up paper in which is examining the effect of democracy on the control of corruption in a sample of more than 120 countries, spanning 40 years of data. Using GMM based dynamic longitudnal data analysis methods, we find that democratic quality, spesifically, the accumalted stock of democratic capital in a country has a sgnificant impact in reducing government corruption. We also find that sequencing financial sector reforms before integrating with the global economy also help lower a country's corruption level.