Quantitative relations between corruption and economic factors

Jia Shao (), Plamen Ch. Ivanov, Boris Podobnik and H. Eugene Stanley

The European Physical Journal B: Condensed Matter and Complex Systems, 2007, vol. 56, issue 2, 157-166

Abstract: We report quantitative relations between corruption level and economic factors, such as country wealth and foreign investment per capita, which are characterized by a power law spanning multiple scales of wealth and investment per capita. These relations hold for diverse countries, and also remain stable over different time periods. We also observe a negative correlation between level of corruption and long-term economic growth. We find similar results for two independent indices of corruption, suggesting that the relation between corruption and wealth does not depend on the specific measure of corruption. The functional relations we report have implications when assessing the relative level of corruption for two countries with comparable wealth, and for quantifying the impact of corruption on economic growth and foreign investment. Copyright EDP Sciences/Società Italiana di Fisica/Springer-Verlag 2007

Keywords: 89.90.+n Other topics in areas of applied and interdisciplinary physics; 05.45.Tp Time series analysis; 05.40.Fb Random walks and Levy flights (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (22)

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DOI: 10.1140/epjb/e2007-00098-2

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