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Culture, corruption and economic development: The case of emerging economies

Author

Listed:
  • Tatjana Horvat

    (University of Primorska, Faculty of Management, Koper, Slovenia)

  • Philipp Mayrleitner

    (Samsung SDI Battery Systems Ltd, Premstätten, Austria)

  • Romana Korez Vide

    (University of Maribor, Faculty of Economics and Business, Razglova 14, 2000 Maribor, Slovenia)

  • Vito Bobek

    (University of Applied Sciences FH Joanneum, Graz, Austria
    University of Maribor, Faculty of Economics and Business, Maribor, Slovenia)

Abstract

This paper aims to examine specific cultural attributes which may be favourable to economic development or restrictive to corruptive behaviour. The indicators of GDP growth and GDP per capita, the Human Development Index (HDI), Hofstede's cultural dimensions and the Corruption Perception Index (CPI) were used within a two staged analysis on the sample of selected emerging economies between 1995–2015. The findings of the research outline the complexity of this topic and numerous interrelations among the involved variables. The paper emphasises the importance of understanding the cultural traits of societies and the motives for corruption, to be able to take appropriate measures to promote economic and human development and to combat corruption. Future studies could assess differences within cultural clusters of the emerging economies to allow further insights on a comparative level, increasing the possibility to find answers why different regions develop faster than others.

Suggested Citation

  • Tatjana Horvat & Philipp Mayrleitner & Romana Korez Vide & Vito Bobek, 2021. "Culture, corruption and economic development: The case of emerging economies," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 71(1), pages 99-116, March.
    • Handle: RePEc:aka:aoecon:v:71:y:2021:i:1:p:99-116
    DOI: 10.1556/032.2021.00005
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    More about this item

    Keywords

    culture; corruption; economic growth; economic development; human development; emerging economies;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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