An Analysis of Financial Corruption Index (FCI) in Iran through Deprivation Theory

نوع مقاله : مقاله پژوهشی

نویسندگان

1 دانشجوی دکتری اقتصاد بخش عمومی دانشگاه تهران

2 استاد و عضو هیات علمی دانشکده اقتصاد دانشگاه تهران

3 دانشکده مدیریت، دانشگاه تهران

4 اقتصاددان مرکز سلامت کانادا، دانشگاه تورنتو

10.22084/aes.2023.28340.3636

چکیده

For many years, the economics of corruption has been widely used from political perspective. Scholars identified many variables and determinants of corruption; yet, one could hardly find a comprehensive index of financial corruption that provides a more precise picture of its impacts on the political and economic system. Financial corruption is a hidden variable that cannot be properly observed and measured.

Corruption studies face with the conceptual and measurement issues. Most researchers, applied either limited items or some aspects of corruption to represent the entire of concept. Some indicators such as Corruption Perceptions Index (CPI), Corruption Control Index (CCI), etc. are based on expert’s and business executive’s understanding of corruption, instead of actual objective measurement of the phenomenon. Additionally, none of these indicators especially CPI , are adequate for the empirical research of the impacts corruption on economic variables. To address these shortcomings, it is necessary to create a proper indicator designed to measure corruption.

In this paper, we established a new comprehensive Financial Corruption Index (FCI) that has been framed based on the shortfall of the nation in each of economic dimensions including government expenditures, investment, income and economic freedom. Applying these four dimensions, in conjunction with a composite index approach to corruption, makes it feasible to create a novel framework for understanding of financial corruption. The results show during 2007 and 2017, Iran saw its FCI rating increased from 0.475 to 0.535. The CPI scores for Iran confirms that our results in FCI are valid and accurate.

کلیدواژه‌ها

موضوعات

عنوان مقاله [English]

An Analysis of Financial Corruption Index (FCI) in Iran through Deprivation Theory

نویسندگان [English]

  • maboud mohammadi 1
  • Ghahreman Abdoli 2
  • Ezatollah Abbasian 3
  • Mehdee Araee 4
1 PhD Student in Public sector Economics, University of Tehran
2 Professor of Applied Economics, University of Tehran
3 Faculty of Management, University of Tehran,
4 Senior Economist, Canadian centre of Health Economist, University of Toronto
چکیده [English]

For many years, the economics of corruption has been widely used from political perspective. Scholars identified many variables and determinants of corruption; yet, one could hardly find a comprehensive index of financial corruption that provides a more precise picture of its impacts on the political and economic system. Financial corruption is a hidden variable that cannot be properly observed and measured.

Corruption studies face with the conceptual and measurement issues. Most researchers, applied either limited items or some aspects of corruption to represent the entire of concept. Some indicators such as Corruption Perceptions Index (CPI), Corruption Control Index (CCI), etc. are based on expert’s and business executive’s understanding of corruption, instead of actual objective measurement of the phenomenon. Additionally, none of these indicators especially CPI , are adequate for the empirical research of the impacts corruption on economic variables. To address these shortcomings, it is necessary to create a proper indicator designed to measure corruption.

In this paper, we established a new comprehensive Financial Corruption Index (FCI) that has been framed based on “Deprivation Theory”, which measures the shortfall of the nation in each of economic dimensions including government expenditures, investment, income and economic freedom. Applying these four dimensions, in conjunction with a composite index approach to corruption, makes it feasible to create a novel framework for understanding of financial corruption. The results show during 2007 and 2017, Iran saw its FCI rating increased from 0.475 to 0.535 from 2007 to 2017, which means an improvement in Iran’s rank from 87 in 2007 to 82 in 2017 among 126 countries. The CPI scores for Iran confirms that our results in FCI are valid and accurate.

کلیدواژه‌ها [English]

  • financial corruption index (FCI)
  • composite index
  • multivariate analysis
فصلنامه مطالعات اقتصادی کاربردی ایران

مقالات آماده انتشار، پذیرفته شده
انتشار آنلاین از تاریخ 06 آذر 1402

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