Influence of corruption on economic growth: a dynamic panel analysis for OECD countries

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dc.contributor.authorKotlánová, Eva
dc.contributor.authorKotlán, Igor
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2014-05-22
dc.date.available2014-05-22
dc.date.issued2013-08
dc.description.abstractCorruption and its reduction is one of the constant topics we encounter not only at the level of debates among political and economic authorities, but thanks to its expansion it has become part of everyday life of today's society. The issue of corruption is a major issue in almost every country, including the Czech Republic. We are constantly discovering new cases and the media report on their development. With a certain amount of optimism we can say that in the fight against corruption, the Czech Republic has experienced a positive shift with regard to punishing the culprits of corruption cases, with first convictions currently emerging. Why is corruption so dangerous? Corruption not only undermines macroeconomic and fiscal stability, causing inefficient use of public funds, but if not timely addressed, it causes growing distrust in the legal system and in the state as such. Despite the work of authors who have come to the conclusion that corruption can have a positive impact on economic growth, the dominant view (supported by a much larger number of studies) is that corruption has a negative effect on growth variables and in turn on economic growth. The aim of this paper is to use dynamic panel regression model to verify the hypothesis of the impact of corruption on economic growth on a sample of OECD countries. To express the perceived level of corruption, we used the index of corruption of PRS Group, which has the advantage of having a much longer history and being more consistent in terms of methodology than compared to the much better known the Corruption Perception Index (CPI) drawn up by Transparency International. Its other advantage is that in case of follow-up studies, it will be able to be used in the future, which in the case of CPI will not be possible due to major changes in its methodology.en
dc.formattext
dc.format.extent307-315cs
dc.identifier.isbn978-80-7372-953-0
dc.identifier.urihttps://dspace.tul.cz/handle/15240/6926
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofseriesLiberec economic forum 2013: proceedings of the 11th international conference: 16th - 17th September 2013, Sychrov, Czech republic, EU /[editor Aleš Kocourek];1
dc.subjectcorruptionen
dc.subjecteconomic growthen
dc.subjectdynamic panel data estimationen
dc.subjectOECD countriesen
dc.subject.classificationC23
dc.subject.classificationE60
dc.subject.classificationK40
dc.subject.classificationO11
dc.titleInfluence of corruption on economic growth: a dynamic panel analysis for OECD countriescs
dc.typeArticleen
local.accessopen
local.facultyFaculty of Economics
local.fulltextyes
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