The impact of corruption on economic growth in OECD countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F16%3A39901930" target="_blank" >RIV/00216275:25410/16:39901930 - isvavai.cz</a>

Výsledek na webu

<a href="https://download.upce.cz/fes/scipap/SciPap_37.pdf" target="_blank" >https://download.upce.cz/fes/scipap/SciPap_37.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The impact of corruption on economic growth in OECD countries

Popis výsledku v původním jazyce

The question if and how corruption can influence economic growth of countries is not answered by literature without controversies. One may thus encounter the view that corruption is "sand in the wheels" of the economy, which impedes economic transactions, as it reduces the security of property rights and contributes to inefficient allocation of resources. On the other hand, there are authors who believe that corruption is precisely what "greases the wheels" of the economy, because it allows individuals to avoid administrative and bureaucratic delays. Based on the searches results of the theoretical literature and empirical studies, this contribution verificates the validity of hypotheses about the negative impact of corruption on economic growth on a sample member states of the OECD in the period 1999 - 2014. Through information from the professional literature is for this purpose derived econometric model that provides a comprehensive overview of how corruption function in a selected sample of countries on economic growth. Econometric model proved that corruption negatively influences the economic growth, not only directly but also indirectly in selected group of countries. As the transmission channels through which corruption affects economic growth were confirmed household expenditures and net exports.

Název v anglickém jazyce

The impact of corruption on economic growth in OECD countries

Popis výsledku anglicky

The question if and how corruption can influence economic growth of countries is not answered by literature without controversies. One may thus encounter the view that corruption is "sand in the wheels" of the economy, which impedes economic transactions, as it reduces the security of property rights and contributes to inefficient allocation of resources. On the other hand, there are authors who believe that corruption is precisely what "greases the wheels" of the economy, because it allows individuals to avoid administrative and bureaucratic delays. Based on the searches results of the theoretical literature and empirical studies, this contribution verificates the validity of hypotheses about the negative impact of corruption on economic growth on a sample member states of the OECD in the period 1999 - 2014. Through information from the professional literature is for this purpose derived econometric model that provides a comprehensive overview of how corruption function in a selected sample of countries on economic growth. Econometric model proved that corruption negatively influences the economic growth, not only directly but also indirectly in selected group of countries. As the transmission channels through which corruption affects economic growth were confirmed household expenditures and net exports.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název periodika

Scientific Papers of the University of Pardubice - Series D, Faculty of Economics and Administration

ISSN

1211-555X

e-ISSN

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Svazek periodika

23

Číslo periodika v rámci svazku

37

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

83-94

Kód UT WoS článku

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EID výsledku v databázi Scopus

2-s2.0-84988527293