PREDICTING CORRUPT PRACTICES IN THE PUBLIC SECTOR FOR 23 OECD COUNTRIES

Cuneyt KOYUNCU () and Gautam BHATTACHARYYA

Applied Econometrics and International Development, 2007, vol. 7, issue 1

Abstract: This paper adopts the MIMIC approach to estimate the relative development of corruption in 23 OECD countries for the period 1975-1993. The results indicate that Japan, Portugal, Spain, Greece, South Korea, and Turkey face with relatively high level of corruption while Netherlands, Norway, Ireland, Denmark, and Belgium experience relatively low level of corruption over time. For the other countries, corruption falls in either moderate category or fluctuates between two different categories. By using panel regression, we also found a statistically significant negative impact of the estimated corruption index on the investment level but not on the economic growth.

Keywords: Corruption; bribery; government; growth; investment (search for similar items in EconPapers)
JEL-codes: C33 C82 (search for similar items in EconPapers)

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