Corruption and Inflation in Agricultural Production: The Problem of the Chicken and the Egg

Autor:	Paulo Peixoto, Vítor João Pereira Domingues Martinho, Paulo Mourao
Jazyk:	angličtina
Rok vydání:	2022
Předmět:	corruption inflation production price levels panel cointegration Economics as a science HB71-74
Zdroj:	Economies, Vol 10, Iss 11, p 268 (2022)
Druh dokumentu:	article
ISSN:	2227-7099
DOI:	10.3390/economies10110268
Popis:	Corruption and inflation are two economic problems with serious social consequences. This paper analyzes the link between these two problems, focusing on the case of 19 prices observed for agricultural products in 90 countries since 2000. Using ‘panel data cointegration’ techniques, we conclude that, in most cases, there is a long-term relationship between inflation and corruption. The direction of causality favors the hypothesis that the inflation of agricultural products promotes incentives that lead to an increase in corruption levels. These results have important implications in terms of fighting corruption, giving special attention to controlling inefficiencies in agricultural markets that lead to higher prices that are then tapped into corruption mechanisms.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/82b2ea05179d45829eb315d08f3aeaad Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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