This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that … corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by … government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is …

We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …

The aim of this paper is to study the relationship between the shadow economy and corruption as determinants of public … debt in the Spanish Autonomous Communities. In addition, we construct a Corruption Perception Index for those regions. Our … significant and positive impact on regional public debt. Corruption also shows a direct and significant relationship with public …