The impact of corruption on economic growth, a bootstrapping analysis

Pedro Vieira

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: In this paper we evaluate the impact of corruption in economic growth and if in less developed countries the hypothesis "greasing the wheels” is valid. Using an unbalanced panel data with 2907 observations from 174 countries and 23 years between 1995 and 2017 (data from Transparency International and World Bank), we estimate using bootstrapping that the impact of corruption on growth is negative (an estimate of 0.025pp per CPI point) and that the hypothesis "greasing the wheels” is not supported in the data. Our results are in accordance with the literature but are more robust because our database has much more observations.

Keywords: Corruption; Economic Growth; Panel data; Bootstrapping (search for similar items in EconPapers)
JEL-codes: C15 C23 D73 O47 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2018-12
New Economics Papers: this item is included in nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.fep.up.pt/investigacao/workingpapers/wp612.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.fep.up.pt/investigacao/workingpapers/wp612.pdf [302 Found]--> https://fep.up.pt/investigacao/workingpapers/wp612.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:612

Access Statistics for this paper

More papers in FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto Contact information at EDIRC.
Bibliographic data for series maintained by ().