Corruption perception and financial culture in Hungary

Zéman, Zoltán and Bárczi, Judit and Kálmán, Botond Géza (2024) Corruption perception and financial culture in Hungary. ECONOMY AND FINANCE: ENGLISH-LANGUAGE EDITION OF GAZDASÁG ÉS PÉNZÜGY, 11 (1). pp. 29-52. ISSN 2415-9379

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Abstract

This study focuses on the correlation between corruption and financial inclusion using statistical methods. The population studied were the people of Hungary. The organisations publishing the source indices of the study took representative samples of the population. The authors used data available from public sources on the internet for their study. They analysed time series data of two indices of corruption perception and two indices measuring financial culture and inclusion. The data from secondary sources were analysed applying statistical methods. They surveyed the correlation between corruption indices, the connection between the two financial indices and also the links of corruption and financial indices. The findings of the study prove there is a close positive correlation between the indices measuring financial inclusion. The findings of indices measuring corruption are less compatible. Corruption indices relying more on statistics and less on subjective opinions and indices of financial inclusion have also provided positive correlation. Our findings offer practical benefits: corruption sensitivity can not only improve through legal means or by increasing prosperity but also by spreading economic knowledge and providing a larger group of people with access to financial services.

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