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P. Bardhan, ‘Corruption and development: a review of issues’, Journal of Economic Literature, Vol. 35, No. 3 (1997), pp. 1320–1346; P. Mauro, ‘Corruption and growth’, Quarterly Journal of Economics, Vol. 110, No. 3 (1995), pp. 681–712; V. Tanzi, Corruption around the World: Causes, Consequences, Scope, and Cures, IMF Working Paper No. 98/63 (Washington, DC: IMF, 1998).)| false
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Y. Altunbaş and J. Thornton, ‘Does financial development reduce corruption?’ Economics Letters, Vol. 114, No. 2 (2012), pp. 221–223.)| false
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S.C. Tavares, ‘Do rapid political trade liberalizations increase corruption?’ European Journal of Political Economy, Vol. 23, No. 4 (2007), pp. 1053–1076.)| false
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P. Graeff and G. Mehlkop, ‘The impact of economic freedom on corruption: different patterns for rich and poor countries’, European Journal of Political Economy, Vol. 19, No. 3 (2003), pp. 605–620.)| false
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J.S.T. Quah, ‘Causes and consequences of corruption in Southeast Asia: a comparative analysis of Indonesia, the Philippines, Thailand’, Asian Journal of Public Administration, Vol. 25, No. 2 (2003), pp. 235–266.)| false
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J.L. Guasch and R.W. Hahn, ‘The costs and benefits of regulation: implications for developing countries’, The World Bank Research Observer, Vol. 14, No. 1 (1999), pp. 137–158.)| false
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See, for instance, R. Lucas, Jr, ‘On the mechanics of economic development’, Journal of Monetary Economics, Vol. 22, No. 1 (1988), pp. 3–42; J. Robinson, The Generalization of the General Theory. The Rate of Interest and Other Essays (London: Macmillan, 1952), pp. 763–781; H.M. Merton, ‘The Modigliani–Miller propositions after thirty years’, Journal of Economic Perspective, Vol. 2, No. 4 (1988), pp. 99–120.

See, for instance, R. Lucas, Jr, ‘On the mechanics of economic development’, Journal of Monetary Economics, Vol. 22, No. 1 (1988), pp. 3–42; J. Robinson, The Generalization of the General Theory. The Rate of Interest and Other Essays (London: Macmillan, 1952), pp. 763–781; H.M. Merton, ‘The Modigliani–Miller propositions after thirty years’, Journal of Economic Perspective, Vol. 2, No. 4 (1988), pp. 99–120.)| false
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R.A. Barreto, ‘Endogenous corruption in a neoclassical growth model’, European Economic Review, Vol. 44, No. 1 (2000), pp. 35–60.)| false
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K. Kis-Katos and G.G. Schulze, ‘Corruption in Southeast Asia: a survey of recent research’, Asian-Pacific Economic Literature, Vol. 27, No. 1 (2013), pp. 79–109.)| false
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A. Shleifer and R.W. Vishny, ‘Corruption’, The Quarterly Journal of Economics, Vol. 108, No. 3 (1993), pp. 599–617.)| false
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I. Ehrlich and F.T. Lui, ‘Bureaucratic corruption and endogenous economic growth’, Journal of Political Economy, Vol. 107, No. S6 (1999), pp. S270–293.)| false
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A. Brunetti, G. Kisunko and B. Weder, ‘Credibility of rules and economic growth: evidence from a world wide private sector survey’, The World Bank Economic Review, Vol. 12, No. 3 (1998), pp. 353–384; P.H. Mo, ‘Corruption and economic growth’, Journal of Comparative Economics, Vol. 29, No. 1 (2001), pp. 66–79.)| false
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H. Li, C. Xu and H.F. Zou, ‘Corruption, income distribution and growth’, Economics & Politics, Vol. 12, No. 2 (2000), pp. 155–182.

H. Li, C. Xu and H.F. Zou, ‘Corruption, income distribution and growth’, Economics & Politics, Vol. 12, No. 2 (2000), pp. 155–182.)| false
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P.-G. Méon and K. Sekkat, ‘Does corruption grease or sand the wheels of growth?’ Public Choice, Vol. 122 (2005), pp. 69–97.

P.-G. Méon and K. Sekkat, ‘Does corruption grease or sand the wheels of growth?’ Public Choice, Vol. 122 (2005), pp. 69–97.)| false
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P.J. Beck and M.W. Maher, ‘A comparison of bribery bidding in thin markets’, Economics Letters, Vol. 20, No. 1 (1986), pp. 1–5; D.H.D. Lien, ‘A note on competitive bribery games’, Economics Letters, Vol. 22, No. 4 (1986), pp. 337–341.)| false
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J. Greenwood and B. Jovanovic, ‘Financial development, growth, and the distribution of income’, Journal of Political Economy, Vol. 98, No. 5 (1990), pp. 1076–107; V.R. Bencivenga and B.D. Smith, ‘Financial intermediation and endogenous growth’, Review of Economics Studies, Vol. 58 (1991), pp. 195–209; P. Aghion, P. Howitt and M.F. David, ‘The effect of financial development on convergence: theory and evidence’, Quarterly Journal of Economics, Vol. 120, No. 1 (2005), pp. 173–222.

J. Greenwood and B. Jovanovic, ‘Financial development, growth, and the distribution of income’, Journal of Political Economy, Vol. 98, No. 5 (1990), pp. 1076–107; V.R. Bencivenga and B.D. Smith, ‘Financial intermediation and endogenous growth’, Review of Economics Studies, Vol. 58 (1991), pp. 195–209; P. Aghion, P. Howitt and M.F. David, ‘The effect of financial development on convergence: theory and evidence’, Quarterly Journal of Economics, Vol. 120, No. 1 (2005), pp. 173–222.)| false
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R.G. King and R. Levine, ‘Finance and growth: Schumpeter might be right’, Quarterly Journal of Economics, Vol. 108, No. 3 (1993), pp. 717–737; R.G. Rajan and L. Zingales, ‘Financial dependence and growth’, American Economic Review, Vol. 88, No. 3 (1998), pp. 559–586; P.L. Rousseau and P. Wachtel, ‘Financial intermediation and economic performance: historical evidence from five industrialized countries’, Journal of Money, Credit Banking, Vol. 30, No. 4 (1998), pp. 657–678; R. Levine, N. Loayza and T. Beck, ‘Financial intermediation and growth: causality causes’, Journal of Monetary Economics, Vol. 46, No. 1 (2000), pp. 31–77; Aghion et al., ‘The effect of financial development’.

R.G. King and R. Levine, ‘Finance and growth: Schumpeter might be right’, Quarterly Journal of Economics, Vol. 108, No. 3 (1993), pp. 717–737; R.G. Rajan and L. Zingales, ‘Financial dependence and growth’, American Economic Review, Vol. 88, No. 3 (1998), pp. 559–586; P.L. Rousseau and P. Wachtel, ‘Financial intermediation and economic performance: historical evidence from five industrialized countries’, Journal of Money, Credit Banking, Vol. 30, No. 4 (1998), pp. 657–678; R. Levine, N. Loayza and T. Beck, ‘Financial intermediation and growth: causality causes’, Journal of Monetary Economics, Vol. 46, No. 1 (2000), pp. 31–77; Aghion et al., ‘The effect of financial development’.)| false
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I. Hassan, P. Wachtel and M. Zhou, ‘Institutional development, financial deepening and economic growth’, Journal of Banking Finance, Vol. 33, No. 1 (2009), pp. 157–170.

I. Hassan, P. Wachtel and M. Zhou, ‘Institutional development, financial deepening and economic growth’, Journal of Banking Finance, Vol. 33, No. 1 (2009), pp. 157–170.)| false
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M.A. Izibili and F. Aiya, ‘Deregulation and corruption in Nigeria: an ethical response’, Journal of Social Sciences, Vol. 14, No. 3 (2007), pp. 229–234.)| false
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For example, S.P. Huntington, Political Order in Changing Societies (New Haven: Yale University Press, 1968): F.T. Lui, ‘An equilibrium queuing model of bribery’, Journal of Political Economy, Vol. 93, No. 4 (1985), pp. 760–781; Beck and Maher, ‘A comparison of bribery bidding’; Lien, ‘A note on competitive bribery games’.

For example, S.P. Huntington, Political Order in Changing Societies (New Haven: Yale University Press, 1968): F.T. Lui, ‘An equilibrium queuing model of bribery’, Journal of Political Economy, Vol. 93, No. 4 (1985), pp. 760–781; Beck and Maher, ‘A comparison of bribery bidding’; Lien, ‘A note on competitive bribery games’.)| false
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J. Hunt, ‘How corruption hits people when they are down’, Journal of Development Economics, Vol. 84, No. 2 (2007), pp. 574–589.)| false
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T. Gong and N. Zhou, ‘Corruption and marketization: formal and informal rules in Chinese public procurement’, Regulation & Governance, Vol. 9, No. 1 (2015), pp. 63–76.)| false
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See B.H. Baltagi, Econometric Analysis of Panel Data (London: John Wiley & Sons, 2005) for many advantages of panel data methodology.

See B.H. Baltagi, Econometric Analysis of Panel Data (London: John Wiley & Sons, 2005) for many advantages of panel data methodology.)| false
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G.S. Becker, ‘Crime and punishment: an economic approach’, Journal of Political Economy, Vol. 76 (1968), pp. 169–217.

G.S. Becker, ‘Crime and punishment: an economic approach’, Journal of Political Economy, Vol. 76 (1968), pp. 169–217.)| false
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M. Swaleheen, ‘Economic growth with endogenous corruption: an empirical study’, Public Choice, Vol. 146, No. 1 (2011), pp. 23–41.

M. Swaleheen, ‘Economic growth with endogenous corruption: an empirical study’, Public Choice, Vol. 146, No. 1 (2011), pp. 23–41.)| false
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M. Olson, Jr, S. Naveen and A.V. Swamy, ‘Governance and growth: a simple hypothesis explaining cross-country differences in productivity growth’, Public Choice, Vol. 102, No. 3–4 (2000), pp. 341–364.

M. Olson, Jr, S. Naveen and A.V. Swamy, ‘Governance and growth: a simple hypothesis explaining cross-country differences in productivity growth’, Public Choice, Vol. 102, No. 3–4 (2000), pp. 341–364.)| false
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