Sarr, Mare; Swanson, Tim - Fondazione ENI Enrico Mattei (FEEM) - 2013
external lending, investment and debt. We then argue that this looting phenomenon provides an explanation for the generation of … corrupt economies in resource-rich countries. An empirical analysis of available corruption indices suggests that instability …-led looting provides a more fundamental explanation of perceived corruption than do various social and cultural indicators or the …