he Power That Rusts the Gears: How Corruption Affects Russia’s Growth

İbrahim Halil Polat and Mahir Tosunoğlu
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İbrahim Halil Polat: Hakkari̇ University
Mahir Tosunoğlu: Ege University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2025, vol. 40, issue 124, 122-146

Abstract: This study investigates the effect of corruption control on economic growth in Russia, emphasizing the importance of institutional quality for development. While corruption is widely viewed as a key obstacle to prosperity, some studies suggest it may have positive effects under specific circumstances. Using data from 2002 to 2023, the study applies the Johansen cointegration test, ARDL, FMOLS, DOLS, and CCR methods. Findings show that capital, population, and control of corruption contribute positively to economic growth, while labor has a negative impact. These results are consistent across all estimation methods. The research concludes that improving corruption control promotes economic growth, highlighting the need for institutional reforms, greater transparency, and accountability. Additionally, policies that encourage capital investment and align labor market skills with economic needs are recommended for sustainable growth.

Keywords: Economic Development; Corruption; Time series analysis (search for similar items in EconPapers)
JEL-codes: C22 D79 O10 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:40:y:2025:i:124:p:122-146

DOI: 10.33203/mfy.1734529

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