Corruption and inflation in agricultural production: the problem of the chicken and the egg

Detalhes bibliográficos
Autor(a) principal: Peixoto, Paulo
Data de Publicação: 2022
Outros Autores: Martinho, Vítor João Pereira Domingues, Mourão, Paulo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/81088
Resumo: Corruption and inflation are two economic problems with serious social consequences. This paper analyzes the link between these two problems, focusing on the case of 19 prices observed for agricultural products in 90 countries since 2000. Using ‘panel data cointegration’ techniques, we conclude that, in most cases, there is a long-term relationship between inflation and corruption. The direction of causality favors the hypothesis that the inflation of agricultural products promotes incentives that lead to an increase in corruption levels. These results have important implications in terms of fighting corruption, giving special attention to controlling inefficiencies in agricultural markets that lead to higher prices that are then tapped into corruption mechanisms.
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spelling Corruption and inflation in agricultural production: the problem of the chicken and the eggCorruptionInflationProduction price levelsPanel cointegrationCiências Sociais::Economia e GestãoSocial SciencesCorruption and inflation are two economic problems with serious social consequences. This paper analyzes the link between these two problems, focusing on the case of 19 prices observed for agricultural products in 90 countries since 2000. Using ‘panel data cointegration’ techniques, we conclude that, in most cases, there is a long-term relationship between inflation and corruption. The direction of causality favors the hypothesis that the inflation of agricultural products promotes incentives that lead to an increase in corruption levels. These results have important implications in terms of fighting corruption, giving special attention to controlling inefficiencies in agricultural markets that lead to higher prices that are then tapped into corruption mechanisms.This research was funded by National Funds through the FCT-Foundation for Science and Technology, I.P., within the scope of the project Refª UIDB/00681/2020.Multidisciplinary Digital Publishing InstituteUniversidade do MinhoPeixoto, PauloMartinho, Vítor João Pereira DominguesMourão, Paulo2022-10-282022-10-28T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/81088engPeixoto, P.; Martinho, V.J.P.D.; Mourao, P. Corruption and Inflation in Agricultural Production: The Problem of the Chicken and the Egg. Economies 2022, 10, 268. https://doi.org/10.3390/economies101102682227-709910.3390/economies10110268https://www.mdpi.com/2227-7099/10/11/268info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:39:02Zoai:repositorium.sdum.uminho.pt:1822/81088Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:35:35.777989Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Corruption and inflation in agricultural production: the problem of the chicken and the egg
title Corruption and inflation in agricultural production: the problem of the chicken and the egg
spellingShingle Corruption and inflation in agricultural production: the problem of the chicken and the egg
Peixoto, Paulo
Corruption
Inflation
Production price levels
Panel cointegration
Ciências Sociais::Economia e Gestão
Social Sciences
title_short Corruption and inflation in agricultural production: the problem of the chicken and the egg
title_full Corruption and inflation in agricultural production: the problem of the chicken and the egg
title_fullStr Corruption and inflation in agricultural production: the problem of the chicken and the egg
title_full_unstemmed Corruption and inflation in agricultural production: the problem of the chicken and the egg
title_sort Corruption and inflation in agricultural production: the problem of the chicken and the egg
author Peixoto, Paulo
author_facet Peixoto, Paulo
Martinho, Vítor João Pereira Domingues
Mourão, Paulo
author_role author
author2 Martinho, Vítor João Pereira Domingues
Mourão, Paulo
author2_role author
author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Peixoto, Paulo
Martinho, Vítor João Pereira Domingues
Mourão, Paulo
dc.subject.por.fl_str_mv Corruption
Inflation
Production price levels
Panel cointegration
Ciências Sociais::Economia e Gestão
Social Sciences
topic Corruption
Inflation
Production price levels
Panel cointegration
Ciências Sociais::Economia e Gestão
Social Sciences
description Corruption and inflation are two economic problems with serious social consequences. This paper analyzes the link between these two problems, focusing on the case of 19 prices observed for agricultural products in 90 countries since 2000. Using ‘panel data cointegration’ techniques, we conclude that, in most cases, there is a long-term relationship between inflation and corruption. The direction of causality favors the hypothesis that the inflation of agricultural products promotes incentives that lead to an increase in corruption levels. These results have important implications in terms of fighting corruption, giving special attention to controlling inefficiencies in agricultural markets that lead to higher prices that are then tapped into corruption mechanisms.
publishDate 2022
dc.date.none.fl_str_mv 2022-10-28
2022-10-28T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/1822/81088
url https://hdl.handle.net/1822/81088
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Peixoto, P.; Martinho, V.J.P.D.; Mourao, P. Corruption and Inflation in Agricultural Production: The Problem of the Chicken and the Egg. Economies 2022, 10, 268. https://doi.org/10.3390/economies10110268
2227-7099
10.3390/economies10110268
https://www.mdpi.com/2227-7099/10/11/268
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Multidisciplinary Digital Publishing Institute
publisher.none.fl_str_mv Multidisciplinary Digital Publishing Institute
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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