جستجوی مقالات مرتبط با کلیدواژه "financial corruption" در نشریات گروه "اقتصاد"

For many years, the budget deficit has been studied as an important variable in economics, and various schools and scholars have identified its causes and influential factors. However, since the 1990s, increasing attention has been directed toward the effect of institutional and political indicators on the budget deficit, and corruption has been introduced as one of the key contributors. This article, by introducing and calculating a composite index of financial corruption based on the deprivation theory and choosing the four economic dimensions of government spending, investment, income and economic freedom, investigates the effects of financial corruption on the budget deficit in 120 selected countries from 2007 to 2017 using the generalized torque method (GMM). The results show that, assuming other conditions constant, a one- unit increase in the corruption index increases the budget deficit by an average of 49/3 units, which indicates the positive and direct effect of corruption on the budget deficit. Also, according to the significance of the estimation, the variables of inflation, government spending, taxes and oil revenues have a positive effect on the budget deficit, while higher economic growth leads to a reduction in the budget deficit.

Financial Corruption is one of the aspects of inefficiency in societies that undermines the economic growth and development of countries and is considered by planners and policymakers. Therefore, this study identifies 22 effective variables on financial corruption index and ranks them using the Bayesian Model Averaging (BMA) in 26 countries rich with natural resources during 1996-2017.Inclusion probability indicates that political stability, democracy, economic globalization, property rights, socialist legal origin, ethnic fractionalization and language fractionalization are the most effective factors on financial corruption index.Also the variables of investment freedom, total natural resources rents and GDP per capita take second to fourth rank regarding their effects on financial corruption model.the variables of trade freedom, military expenditure and size of government with 51%, 45% and 21% probability of occurrence have affected corruption in a in a negative direction. On the other hand, there is no significant relationship between the variables of business freedom and monetary freedom and the corruption index in these countries, due to the low probability of these variables in the model. It seems these variables can affect corruption only through other channels of economic freedom in the model.

The banking industry is an important part of the economies. The health of the banking system as main policy-making channel and the foundation of the economic system is of great importance. This paper examines the impact of administrative corruption on the performance of interest-free Banking in Iran. The statistical sample consists of 21 banks listed in the Iranian stock exchange over the period 2007-2017. In this research, the unbalanced data panel model and the GMM method have been used. The results show that, contrary to the “Greasing the Wheels” view, which considers corruption as an incentive for government employees to perform their duties, administrative corruption does not lead to an increase in net income per unit of bank capital, but it reduces bank profitability (ratio of net profit to total assets). Therefore, corruption in the banking system plays the role of "sand of the wheels". The most important operational solution to combat with administrative corruption in the banking system is to increase the quality and supervision phases of the central bank on the correct implementation of the law, along with increasing fines and public disclosure about offender banks.

One of pleasant subjects for economists, in the field of Macro-political economy, is investigating the impact of relevant factors on financial corruption. This study aims to investigate the effect of economic and political factors on financial corruption, economic growth, and the size of government as well as their interaction effects in the selected oil producing countries over the 2003-2014 period. To estimate the model, system panel data approach is applied based on Generalized Method of Moments (GMM) estimator. The results showed that an improvement in the economic growth, size of government, democracy, rule of law and access to sound money variables decrease financialcorruption of selected oil producing countries. Also, improving the size of government, political stability, democracy, business regulations variables and decreasing financial corruption has led to economic growth of the selected countries. Finally, improving economic growth, increasing oil revenues and urbanization has increased the size of government in these countries.