Corrupt clubs and the convergence hypothesis

Naved Ahmad

Journal of Economic Policy Reform, 2008, vol. 11, issue 1, 21-28

Abstract: Empirical work in a cross‐section framework demonstrates little or no support for absolute convergence in per capita GDP. I argue in this paper that “divergence in corruption”, defined as the tendency of corrupt countries to become more corrupt faster than less corrupt nations, is a neglected factor that also determines the speed of convergence. Using Transparency International (TI) corruption perceptions index, I estimate C‐σ and C‐γ coefficients for corrupt and less corrupt economies to explore the C‐divergence in corruption rankings. The study concludes that corrupt countries are C‐converging, forming a “corrupt club”.

Date: 2008
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Journal Article: Corrupt Clubs and the Convergence Hypothesis (2006)
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DOI: 10.1080/17487870802031395

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