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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