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Effects of corruption on military expenditures

Effects of corruption on military expenditures PurposeThis study aims to investigate the effect of corruption on military expenditures in three income level countries. An annual data series of 97 countries covering high-income, middle-income, and low-income regions from 1997 to 2015 is used.Design/methodology/approachThe cross-sectional dependency and integration property of the data series was checked before applying the generalized method of moments approach to test the model.FindingsThe results of the system generalized method of moments approach suggest that corruption increases the military budget of high-income countries, whereas corruption reduces the military budget of the middle- and low-income countries.Originality/valueThis paper offers some substantial implications for the policymakers of each income group to curb corruption and improve economic development. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Crime Emerald Publishing

Effects of corruption on military expenditures

Journal of Financial Crime , Volume 26 (3): 12 – Jul 2, 2019

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References (45)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1359-0790
DOI
10.1108/JFC-09-2018-0092
Publisher site
See Article on Publisher Site

Abstract

PurposeThis study aims to investigate the effect of corruption on military expenditures in three income level countries. An annual data series of 97 countries covering high-income, middle-income, and low-income regions from 1997 to 2015 is used.Design/methodology/approachThe cross-sectional dependency and integration property of the data series was checked before applying the generalized method of moments approach to test the model.FindingsThe results of the system generalized method of moments approach suggest that corruption increases the military budget of high-income countries, whereas corruption reduces the military budget of the middle- and low-income countries.Originality/valueThis paper offers some substantial implications for the policymakers of each income group to curb corruption and improve economic development.

Journal

Journal of Financial CrimeEmerald Publishing

Published: Jul 2, 2019

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