Corruption levels in an economy influences prices

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Reference no: EM13838629

This week there was news that some prices are rising. I heard that in some countries where corruption is high the prices are also higher. I wonder if there is causality or just both at same. It would be interesting to find some material to support if the claim is true. Is there some study e.g. comparing prices levels for energy and testing whether corruption levels in an economy (bribing, black market, unregulated markets) influences prices?

Reference no: EM13838629

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