Corruption and Misery: What Lessons for Developing Countries?
摘要
This study aims to empirically examine the effect of corruption on misery in 111 developing countries over the period 2000-2023. To control for the issue of endogeneity, the study uses the method of generalised moments (SGMM) to assess the direct effect of corruption on misery. The results of the direct analysis show that corruption increases misery in developing countries. We find that our results are robust to changes in the measurement of misery, corruption, and other estimation techniques. These results are justified by the effect of several mechanisms, including the diversion of public resources, the inefficiency of public services, injustice and inequality, the impact on health and education, and the amplification of social crises, among others. In light of these results, the policy implications suggest that an appropriate institutional framework should be put in place to monitor and improve governance policies, which will make it possible to significantly reduce the level of corruption and, above all, the level of misery.