Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …

design and implement strategies to address it. Corruption has a broader corrosive impact on society. It undermines trust in … countries score better on corruption indices than many advanced countries. Corruption has a pernicious effect on the economy …This paper outlines the IMF's perspective on the economic impact of corrup-tion and experience in helping countries …

kickbacks these projectspresent. This paper contends that such corruption increases the numberof capital projects undertaken and …

better credit ratings, better fiscal discipline, and less corruption, after controlling for other socioeconomic variables …