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Quantitative relations between corruption and economic factors

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  • Jia Shao
  • Plamen Ch. Ivanov
  • Boris Podobnik
  • H. Eugene Stanley
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    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 investments 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 investments.

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    File URL: http://arxiv.org/pdf/0705.0161
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    Bibliographic Info

    Paper provided by arXiv.org in its series Papers with number 0705.0161.

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    Date of creation: May 2007
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    Publication status: Published in Eur. Phys. J. B. 56 157-166(2007)
    Handle: RePEc:arx:papers:0705.0161

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    1. Shang-Jin Wei, 1997. "How Taxing is Corruption on International Investors?," William Davidson Institute Working Papers Series 63, William Davidson Institute at the University of Michigan.
    2. Roki Iwahashi & Tomohiro Machikita, 2004. "A new empirical regularity in world income distribution dynamics, 1960-2001," Economics Bulletin, AccessEcon, vol. 6(19), pages 1-15.
    3. repec:ebl:ecbull:v:15:y:2003:i:6:p:1-7 is not listed on IDEAS
    4. James R. Hines, Jr., 1995. "Forbidden Payment: Foreign Bribery and American Business After 1977," NBER Working Papers 5266, National Bureau of Economic Research, Inc.
    5. Mauro, Paolo, 1995. "Corruption and Growth," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 110(3), pages 681-712, August.
    6. repec:ebl:ecbull:v:6:y:2004:i:19:p:1-15 is not listed on IDEAS
    7. Corrado Di Guilmi & Mauro Gallegati & Edoardo Gaffeo, 2003. "Power Law Scaling in the World Income Distribution," Economics Bulletin, AccessEcon, vol. 15(6), pages 1-7.
    8. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross-Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, Wiley Blackwell, vol. 7(3), pages 207-227, November.
    9. Jakob Svensson, 2005. "Eight Questions about Corruption," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 19(3), pages 19-42, Summer.
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    Cited by:
    1. Chen, Yanguang, 2012. "The rank-size scaling law and entropy-maximizing principle," Physica A: Statistical Mechanics and its Applications, Elsevier, Elsevier, vol. 391(3), pages 767-778.
    2. Hu, Lunchao & Tian, Kailan & Wang, Xin & Zhang, Jiang, 2012. "The “S” curve relationship between export diversity and economic size of countries," Physica A: Statistical Mechanics and its Applications, Elsevier, Elsevier, vol. 391(3), pages 731-739.
    3. Chen, Yanguang, 2012. "The mathematical relationship between Zipf’s law and the hierarchical scaling law," Physica A: Statistical Mechanics and its Applications, Elsevier, Elsevier, vol. 391(11), pages 3285-3299.
    4. Osipian, Ararat, 2008. "The World is Flat: Modeling Educators’ Misconduct with Cellular Automata," MPRA Paper 7592, University Library of Munich, Germany.
    5. Salois, Matthew J., 2013. "Regional changes in the distribution of foreign aid: An entropy approach," Physica A: Statistical Mechanics and its Applications, Elsevier, Elsevier, vol. 392(13), pages 2893-2902.
    6. Tunali, Çiǧdem Börke & Yilanci, Veli, 2010. "Are per capita incomes of MENA countries converging or diverging?," Physica A: Statistical Mechanics and its Applications, Elsevier, Elsevier, vol. 389(21), pages 4855-4862.

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