TY - JOUR
T1 - Financial deepening and corruption in selected Southeast Asian countries
T2 - A comparison with South Asia
AU - Edirisuriya, Piyadasa
PY - 2016
Y1 - 2016
N2 - Since the 1980s, Southeast Asian countries have deregulated their financial market sector. Numerous studies on financial market deregulation and corruption levels have argued about positive and negative links between corruption and financial deregulation in many countries. These conflicting results have motivated us to examine the impact of financial market deregulation, which leads to financial deepening, on corruption in Southeast Asian countries. We employ panel data analysis to explore whether financial deepening has a positive impact on corruption levels. Using data for 17 years, we empirically tested the relationship between financial deepening and corruption levels and found a significantly negative relationship between these two factors. When comparing our results with the South Asian region where the level of corruption is higher, we do not find any significant differences.
AB - Since the 1980s, Southeast Asian countries have deregulated their financial market sector. Numerous studies on financial market deregulation and corruption levels have argued about positive and negative links between corruption and financial deregulation in many countries. These conflicting results have motivated us to examine the impact of financial market deregulation, which leads to financial deepening, on corruption in Southeast Asian countries. We employ panel data analysis to explore whether financial deepening has a positive impact on corruption levels. Using data for 17 years, we empirically tested the relationship between financial deepening and corruption levels and found a significantly negative relationship between these two factors. When comparing our results with the South Asian region where the level of corruption is higher, we do not find any significant differences.
KW - corruption
KW - deregulation
KW - economic growth
KW - financial deepening
KW - panel data analysis
KW - South Asia
KW - Southeast Asia
UR - http://www.scopus.com/inward/record.url?scp=84982855937&partnerID=8YFLogxK
U2 - 10.1163/15700615-01501003
DO - 10.1163/15700615-01501003
M3 - Article
AN - SCOPUS:84982855937
SN - 1568-0584
VL - 15
SP - 62
EP - 85
JO - European Journal of East Asian Studies
JF - European Journal of East Asian Studies
IS - 1
ER -