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Article
Is There a Corruption-Effect on Conspicuous Consumption?
Margin: The Journal of Applied Economic Research (2014)
  • Omer Gokcekus
  • Yui Suzuki
Abstract
This study empirically explores the following issue: Does corruption fuel conspicuous consumption? It examines the existence and magnitude of any potential corruption-effect on conspicuous consumption expenditure. Regression analyses of an unbalanced panel data for 20 OECD countries between 2004 and 2010 indicate that luxury car sales are higher by 191 per cent in a country with a high perceived corruption level, for example, CPI score of 4.5, as compared to a country with a low perceived corruption level, for example, CPI score of 9.0, ceteris paribus.
Keywords
  • Corruption,
  • Conspicuous Consumption,
  • Luxury Cars
Publication Date
July 9, 2014
DOI
10.1177/0973801014531135
Citation Information
Omer Gokcekus and Yui Suzuki. "Is There a Corruption-Effect on Conspicuous Consumption?" Margin: The Journal of Applied Economic Research Vol. 8 Iss. 3 (2014) p. 215 - 235
Available at: http://works.bepress.com/omer_gokcekus/48/