Brückner, Markus - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-14
I examine the relationship between democracy and the perceived risk of corruption in a panel of 130 countries. My panel … corruption. My main finding is that democracy significantly reduces the risk of corruption, but only in countries where ethnic … fractionalization is low. In strongly fractionalized countries a transition from autocracy to democracy does not significantly reduce …