Corrupt Clubs and the Convergence Hypothesis
AbstractEmpirical work in a cross-section framework demonstrates little or no support for absolute convergence in per capita GDP. I argue in this paper that âdivergence in corruptionâ, 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-Ï and C-Î³ 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 âcorrupt clubâ.
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Bibliographic InfoArticle provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.
Volume (Year): 45 (2006)
Issue (Month): 4 ()
Other versions of this item:
- Naved Ahmad, 2008. "Corrupt clubs and the convergence hypothesis," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 11(1), pages 21-28.
- Naved Ahmad, 2008. "Corrupt clubs and the convergence hypothesis," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 11(1), pages 21-28.
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- Gerry Boyle; & Tom McCarthy, 1997. "Simple Measures of Convergence in Per Capita GDP: A Note on Some Further International Evidence," Economics, Finance and Accounting Department Working Paper Series n751197, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
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