The Impact of Corruption and Rent-Seeking Behavior upon Economic Wealth in the European Union from a Public Choice Approach

The current paper evaluates the impact of corruption and rent-seeking behaviors upon economic wealth in European Union states using a public choice approach. period study is 2000 to 2019. To measure this impact, present uses regression with variables reflecting governance quality considered relevant, from approach, rent-seeking. main results show negative relationship between level for all analyzed countries, especially ones that compose new member group. For EU states, capturing seem have positive on wealth. higher levels performance, synonymous lower rent-seeking, personal interest, political pressures state administrations, contribute wealth, as theory emphasizes. There need reform an increase efficiency institutions, states.