DOES CORRUPTION AFFECT ECONOMIC GROWTH?

DOES CORRUPTION AFFECT ECONOMIC GROWTH?

Using panel data from the International Country Risk Guide corruption index, institutional quality and political stability indices and several state variables for developed and developing countries, this paper explores the linear quadratic empirical relationship between corruption and economic growt...

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Autores principales: AHMAD,EATZAZ, ULLAH,MUHAMMAD AMAN, ARFEEN,MUHAMMAD IRFANULLAH
Lenguaje:English
Publicado: Pontificia Universidad Católica de Chile. Instituto de Economía. 2012
Materias:
corruption
economic growth
institutional quality
bureaucratic efficiency
political stability
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332012000200005
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spelling oai:scielo:S0719-043320120002000052013-09-24DOES CORRUPTION AFFECT ECONOMIC GROWTH?AHMAD,EATZAZULLAH,MUHAMMAD AMANARFEEN,MUHAMMAD IRFANULLAH corruption economic growth institutional quality bureaucratic efficiency political stability Using panel data from the International Country Risk Guide corruption index, institutional quality and political stability indices and several state variables for developed and developing countries, this paper explores the linear quadratic empirical relationship between corruption and economic growth. Empirical literature has shown a linear relationship between corruption and economic growth but hasn't differentiated between growth-enhancing and growth-reducing levels of corruption. An analysis based on the generalized method of moments estimation shows that a decrease in corruption raises the economic growth rate in an inverted U-shaped way. This result is robust with respect to alternative specifications of the econometric relationship.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.49 n.2 20122012-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332012000200005en1O.7764/LAJE.49.2.277
institution Scielo Chile
collection Scielo Chile
language English
topic corruption
economic growth
institutional quality
bureaucratic efficiency
political stability
spellingShingle corruption
economic growth
institutional quality
bureaucratic efficiency
political stability
AHMAD,EATZAZ
ULLAH,MUHAMMAD AMAN
ARFEEN,MUHAMMAD IRFANULLAH
DOES CORRUPTION AFFECT ECONOMIC GROWTH?
description Using panel data from the International Country Risk Guide corruption index, institutional quality and political stability indices and several state variables for developed and developing countries, this paper explores the linear quadratic empirical relationship between corruption and economic growth. Empirical literature has shown a linear relationship between corruption and economic growth but hasn't differentiated between growth-enhancing and growth-reducing levels of corruption. An analysis based on the generalized method of moments estimation shows that a decrease in corruption raises the economic growth rate in an inverted U-shaped way. This result is robust with respect to alternative specifications of the econometric relationship.
author AHMAD,EATZAZ
ULLAH,MUHAMMAD AMAN
ARFEEN,MUHAMMAD IRFANULLAH
author_facet AHMAD,EATZAZ
ULLAH,MUHAMMAD AMAN
ARFEEN,MUHAMMAD IRFANULLAH
author_sort AHMAD,EATZAZ
title DOES CORRUPTION AFFECT ECONOMIC GROWTH?
title_short DOES CORRUPTION AFFECT ECONOMIC GROWTH?
title_full DOES CORRUPTION AFFECT ECONOMIC GROWTH?
title_fullStr DOES CORRUPTION AFFECT ECONOMIC GROWTH?
title_full_unstemmed DOES CORRUPTION AFFECT ECONOMIC GROWTH?
title_sort does corruption affect economic growth?
publisher Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate 2012
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332012000200005
work_keys_str_mv AT ahmadeatzaz doescorruptionaffecteconomicgrowth
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AT arfeenmuhammadirfanullah doescorruptionaffecteconomicgrowth
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