Oil rents shocks and corruption in Iran

IF 2 4区经济学 Q2 DEVELOPMENT STUDIES

Review of Development Economics Pub Date : 2024-08-22 DOI:10.1111/rode.13149

Mohammad Reza Farzanegan, Reza Zamani

引用次数: 0

Abstract

We investigate the response of the news‐based corruption reflection index to positive shocks in oil rents in Iran. Using annual data spanning from 1962 to 2019, we employ the vector autoregressive model and analyze generalized impulse responses. Our findings reveal a statistically significant and positive (increasing) response of corruption to positive oil rent shocks. The primary mechanisms through which this relationship operates encompass inflation, increased military expenditures, and the erosion of democratic institutions. Our results demonstrate robustness when subjected to alternative corruption measurements, and when considering the role of internal conflict. The outcomes remain consistent regardless of the variable order in the estimation process. Additionally, we offer context from Iran and expound on clientelism in public investment projects, providing insight into how oil rents may contribute to corruption.

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伊朗的石油租金冲击和腐败

我们研究了伊朗基于新闻的腐败反映指数对石油租金正向冲击的响应。利用 1962 年至 2019 年的年度数据，我们采用了向量自回归模型并分析了广义脉冲响应。我们的研究结果表明，腐败对石油租金的正向冲击具有显著的统计意义和正向（增加）响应。这种关系的主要运行机制包括通货膨胀、军费增加和民主制度的削弱。当采用其他腐败测量方法并考虑内部冲突的作用时，我们的结果显示出稳健性。无论估算过程中的变量顺序如何，结果都是一致的。此外，我们还提供了伊朗的背景情况，并阐述了公共投资项目中的 "裙带关系"，让人们深入了解石油租金如何助长腐败。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Development Economics Multiple-

CiteScore

3.20

自引率

6.20%

发文量

109

期刊介绍： The Review of Development Economics is a leading journal publishing high-quality research in development economics. It publishes rigorous analytical papers, theoretical and empirical, which deal with contemporary growth problems of developing countries, including the transition economies. The Review not only serves as a link between theorists and practitioners, but also builds a bridge between development economists and their colleagues in related fields. While the level of the Review of Development Economics is academic, the materials presented are of value to policy makers and researchers, especially those in developing countries.