The Effect of Oil Rent on Corruption in Selected Meddle East and North Africa Countries (MENA)

The aim of this study is to examine the effect of oil rent on corruption within the Selected Middle East and North Africa’s oil-rich countries (MENA) by using a panel data model over the period 2003 to 2016. For this purpose, the effect some control variables such as oil production, economic openness degree, democracy index, political right index, individual liberties index, per capita production and inflation on corruption has been considered. The results showed that oil rent has statistically significant negative impact on corruption index. Economic openness degree increase and democracy improvement and institutional quality improvement significantly decrease corruption. However, other control variables have not significantly effect on corruption index. In addition to, institutional quality variable as moderating index of relationship between oil rent and corruption was been considered but its significant effect on the relationship between these two variables was not been confirmed.