Corruption as an obstacle to economic growth of national economies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39901931" target="_blank" >RIV/00216275:25410/16:39901931 - isvavai.cz</a>
Result on the web
<a href="http://www.esd-conference.com/index.php?page=past-conferences" target="_blank" >http://www.esd-conference.com/index.php?page=past-conferences</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Corruption as an obstacle to economic growth of national economies
Original language description
There is no unified definition of the concept of corruption existing today at the level of theoretical or practical application. However, all current approaches agree that corruption represents any unfair behaviour with the goal of gaining a certain unqualified advantage at the expense of others. Professional literature presents mixed evidence about its impact on economic growth. Some authors consider corruption as a "driving force" of the economy, but others argue that it is "sand in the wheels". Most authors are of the opinion that corruption complicates economic transactions because it reduces the security of property rights and contributes to inefficient allocation of resources. Corruption often threatens the role of the government and makes it difficult for government intervention. It also leads to poor resource allocation, since the structure of public expenditure often changes in favour of certain sectors, especially those which have more obvious corruption opportunities. This paper, based on findings in theoretical literature and empirical studies, validates the hypothesis on the negative impact of corruption on economic growth in the European Union in the period 1999 - 2014. Using information from the literature, an econometric model has been derived for this purpose, which provides an overview of what effect corruption in the selected sample of countries has on economic growth. This econometric model has shown that corruption negatively affects economic growth in the selected set of countries, not only directly but also indirectly through distribution channels. The distribution channels through which corruption affects economic growth within the selected group of countries have been defined as household expenditures, government expenditures and investments.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
—
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Economic and Social Development : 18th International Scientific Conference on Economic and Social Development - "Building Resilient Society" : book of proceedings
ISBN
—
ISSN
1849-7535
e-ISSN
—
Number of pages
9
Pages from-to
772-780
Publisher name
Varazdin Development and Entrepreneurship Agency
Place of publication
Varazdin
Event location
Záhřeb
Event date
Dec 9, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—