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Corruption and Socioeconomics Determinants:Empirical Evidence of Twenty Nine Countries

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  • Halkos, George
  • Tzeremes, Nickolaos

Abstract

This paper measures the effect of different socioeconomic determinants on countries’ transparency efficiency. Specifically, using Data Envelopment Analysis (DEA), the transparency efficiency of twenty nine countries is calculated. Then with the help of factor analysis we extract two factors from seven socioeconomic variables according to their communality of influence. Finally we set up a logistic regression using the efficiencies derived from DEA and the factors extracted from factor analysis. The results suggest that higher transparency efficiency appears in countries with cultural values of lower power distance, masculinity, uncertainty avoidance and lower individualism. Additionally, lower inflation rates and lower political and economical risks constitute to higher levels of countries’ transparency efficiency while positive GDP growth doesn’t ensure countries’ transparency efficiency.

Suggested Citation

  • Halkos, George & Tzeremes, Nickolaos, 2007. "Corruption and Socioeconomics Determinants:Empirical Evidence of Twenty Nine Countries," MPRA Paper 2874, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:2874
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Perceived transparency; business ethics; cultural dimensions; factor analysis; logistic regression; DEA;
    All these keywords.

    JEL classification:

    • Z10 - Other Special Topics - - Cultural Economics - - - General
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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