Democracy, Press Freedom, and Corruption: Case of South American Nations
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Abstract
This study seeks to find out factors determining corruption in South American nations. To achieve objective, descriptive statistics is provided and followed by panel analysis. The findings drawn from this study suggest that Random Effects model is more appropriate. The results show that democracy, ratio of people older than 65, ratio of government expenditure on military, trade openness as well as GDP per capita reduce the corruption in South American nations. Press freedom, on the contrary, does not have a significant impact on the corruption.
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