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Corruption and Military Expenditure: Evidence from Cross-Country Panel Data

  • Asia Review
  • Abbr : SNUACAR
  • 2016, 6(1), pp.73~95
  • Publisher : 아시아연구소
  • Research Area : Social Science > Social Science in general

Jae-Hyung Lee 1

1우석대학교 국방정책학과

Candidate

ABSTRACT

Utilizing a balanced panel data set of fifty-four countries over the period 2010-12, we explore the possibility that differences in corruption are causal to differentials in military expenditures. For this we classify fiftyfour countries into three groups based on per capita real GDP where OECD I consists of advanced industrialized countries, OECD II includes countries that are late-industrialized countries including Korea, and Non-OECD includes developing countries. The Pooled OLS estimates are consistent with the hypothesis that a decrease in corruption reduces military expenditure in both OECD I and OECD II countries, whereas a decrease in corruption raises military expenditure in Non-OECD countries. The ceteris paribus elasticity of military expenditure with respect to corruption indicates that corruption in OECD I is more sensitive to military expenditure than that in OECD II. I come to the conclusion that in order to enhance military sector efficiency, Korea’s policy makers should strengthen anti-corruption policies.

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