Artikel

Corruption's effect on BRICS countries' economic growth: A panel data analysis

Purpose - The theoretical debate of corruption's impact on economic growth remains unsettled, making it an empirical question. This study aims to investigate corruption's effect on BRICS countries' economic growth. Design/methodology/approach A panel dataset on BRICS countries spanning 1996 to 2020 was used. Bias-corrected estimators in small dynamic panels were employed to estimate a growth model as a linear-quadratic function of corruption that accounts for cross-sectional dependence, endogeneity and unobserved heterogeneity due to country and time-specific characteristics. Findings The results indicate that corruption is detrimental to economic growth in BRICS countries; the quadratic relationship implies corruption is less prevalent in some countries than others. Thus, governments of BRICS countries are encouraged to embark on anti-corruption policies to boost their economic performance. Originality/value An important limitation of corruption studies is the difficulty in measuring real corruption experiences due to the secretive nature of corruption and the fact that corruption is known not to leave a paper trail. For the uncertainty of the index estimates, the analysis used a continuous corruption composite score measuring the standard deviation of the extent to which public power is exercised for public gain. Furthermore, estimation and inference are robust to small dynamic panels with a general form of cross-sectional dependence.

Sprache
Englisch

Erschienen in
Journal: Journal of Economics, Finance and Administrative Science ; ISSN: 2218-0648 ; Volume: 28 ; Year: 2023 ; Issue: 56 ; Pages: 257-272

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Bureaucracy; Administrative Processes in Public Organizations; Corruption
Economic Growth and Aggregate Productivity: General
Thema
Corruption
Economic growth
Panel data

Ereignis
Geistige Schöpfung
(wer)
Simo-Kengne, Beatrice D.
Bitterhout, Siphiwo
Ereignis
Veröffentlichung
(wer)
Emerald Publishing Limited
(wo)
Bingley
(wann)
2023

DOI
doi:10.1108/JEFAS-04-2021-0041
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Simo-Kengne, Beatrice D.
  • Bitterhout, Siphiwo
  • Emerald Publishing Limited

Entstanden

  • 2023

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