EFFECTS OF CORRUPTION ON ECONOMIC GROWTH UNDER MACROECONOMIC INSTABILITIES

Economic Effects of Corruption

What are the major challenges, fault lines, and potential adversities (these terms are used synonymously) that China’s economic development will encounter over the next decade?1 How severely will China’s overall economic performance be affected if these adversities occur separately or in clusters? This book addresses these key questions. We deliberately concentrate on what might go seriously aw...

Influence of corruption on economic growth rate and foreign investment

We analyze the dependence of the Gross Domestic Product (GDP ) per capita growth rates on changes in the Corruption Perceptions Index (CPI). For the period 1999–2004 for all countries in the world, we find on average that an increase of CPI by one unit leads to an increase of the annual GDP per capita growth rate by 1.7%. By regressing only the European countries with transition economies, we f...

Influence of corruption on economic growth rate and foreign investments

In order to investigate whether government regulations against corruption can affect the economic growth of a country, we analyze the dependence between Gross Domestic Product (GDP) per capita growth rates and changes in the Corruption Perceptions Index (CPI). For the period 1999-2004 on average for all countries in the world, we find that an increase of CPI by one unit leads to an increase of ...

Bureaucratic Corruption and Endogenous Economic Growth

There appears to be significant diversity in the incidence of bureaucratic corruption across countries at different stages of economic development and under different political and economic regimes. Little theoretical or empirical analysis has been offered, however, on the link between corruption, government, and growth. The paper attempts to fill the void through equilibrium models of endogeno...

Effects of Financial Liberalization on Macroeconomic Volatilities: Applications to Economic Growth, Exchange Rate and Exchange Rate Pass-Through