Two faces of the same coin? A comparative, global approach to corruption and socioeconomic development

Kostas Rontos, Ioannis Vavouras, Maria Teresa Ciommi and Luca Salvati ()
Additional contact information
Kostas Rontos: University of Aegean
Ioannis Vavouras: Panteion University of Social and Political Sciences
Maria Teresa Ciommi: Universita Politecnica delle Marche
Luca Salvati: Council for Agricultural Research and Economics (CREA)

Quality & Quantity: International Journal of Methodology, 2019, vol. 53, issue 4, No 9, 1875-1894

Abstract: Abstract The present study investigates the economic, social and political dimensions of development worldwide focusing on the relationship between perceived corruption and income levels, human development, government effectiveness and quality of the political system. The empirical results of this study reveal that these aspects are partly correlated, and feedback relationships are important when assessing socioeconomic development in a comparative perspective. Specific combinations of these factors characterize stable clusters of countries with distinctive economic performances. Effective developmental strategies require measures aimed at boosting income, reducing corruption and stimulating human development and government effectiveness. Empirical results of our analysis also suggest that these strategies are sustainable in the long-run only when associated with institutional transformations, enhancing governance quality. With unstable democracy and ineffective government, socioeconomic development cannot be effectively achieved and maintained on a long-run basis, even under increasing levels of income and wealth. With corruption, wealth is a necessary but not sufficient condition for socioeconomic development.

Keywords: Human development; Government effectiveness; Political system; Global economic dynamics (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s11135-019-00846-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:qualqt:v:53:y:2019:i:4:d:10.1007_s11135-019-00846-0

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

DOI: 10.1007/s11135-019-00846-0

Access Statistics for this article

Quality & Quantity: International Journal of Methodology is currently edited by Vittorio Capecchi

More articles in Quality & Quantity: International Journal of Methodology from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().