How Does Corruption in Central and Eastern Europe Hurt Economic Growth? Granger Test of Causality

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F13%3A00200389" target="_blank" >RIV/62156489:43110/13:00200389 - isvavai.cz</a>

Result on the web

<a href="http://www.ekonom.sav.sk/sk/casopis/rocnik/6-2013" target="_blank" >http://www.ekonom.sav.sk/sk/casopis/rocnik/6-2013</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

How Does Corruption in Central and Eastern Europe Hurt Economic Growth? Granger Test of Causality

Original language description

How does corruption in Central and Eastern Europe hurt economic growth? The paper explains theoretical framework that is applied to the problem of corruption and reveals its application difficulties. Corruption may be understood as the problem of agency,which is the problem of coordination between principal and agent that is solved through the enforceable system of property rights, or as the problem of rent-seeking addressing the problem of rules motivating entrepreneurs to corrupt behaviour. Within comparison of both agency theory and rent-seeking we argue that corruption in general is the problem of legal setting and its enforcement and, if badly established, it does not promote economic growth. To verify the theoretical argument we present empirical test showing whether corruption hurts or not economic growth in Central and Eastern Europe. For this purpose we use Granger causality test to demonstrate that corruption precedes economic growth in Central and Eastern Europe which means

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/7E12049" target="_blank" >7E12049: Welfare, Wealth and Work for Europe</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomicky Casopis

ISSN

0013-3035

e-ISSN

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Volume of the periodical

61

Issue of the periodical within the volume

6

Country of publishing house

SK - SLOVAKIA

Number of pages

15

Pages from-to

563-577

UT code for WoS article

324602300002

EID of the result in the Scopus database

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