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Assessing The Impact Of Corruption Upon The Romanian Economy

Author

Listed:
  • Sorin-Daniel, MANOLE

    ("Constantin Brâncoveanu" University of Pitesti)

  • Raluca, Erdniç

    (Management Authority of General Programme on "œSolidarity and Management of Migration Flows"œ)

Abstract

This paper is dedicated to estimating the influence of corruption upon Romania"™s economic growth by means of an econometric model ARMA component. In order to quantify the impact, firstly some indicators have been identified to properly assess the economic condition and corruption. The most important economic growth indicator is real GDP growth rate (or chain index of real GDP). In order to estimate the level of corruption, the authors have used the Corruption Perceptions Index, annually launched and calculated by Transparency International. The model chosen for this paper has an ARMA component and expresses the dependence of the economic variable on the corruption variable by a straight-line relationship. The model shows that one of the factors having a significant negative impact upon the economic growth is corruption.

Suggested Citation

  • Sorin-Daniel, MANOLE & Raluca, Erdniç, 2014. "Assessing The Impact Of Corruption Upon The Romanian Economy," Management Strategies Journal, Constantin Brancoveanu University, vol. 24(2), pages 4-11.
    • Handle: RePEc:brc:journl:v:24:y:2014:i:2:p:4-11
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    References listed on IDEAS

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    1. d’Agostino, Giorgio & Dunne, J. Paul & Pieroni, Luca, 2016. "Government Spending, Corruption and Economic Growth," World Development, Elsevier, vol. 84(C), pages 190-205.
    2. Mo, Pak Hung, 2001. "Corruption and Economic Growth," Journal of Comparative Economics, Elsevier, vol. 29(1), pages 66-79, March.
    3. Anja Hülsewig, 2009. "Measuring Corruption: A Comparison between the Transparency International's Corruption Perceptions Index and the World Bank's Worldwide Governance Indicators," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(3), pages 42-52, October.
    4. Lambsdorff,Johann Graf, 2007. "The Institutional Economics of Corruption and Reform," Cambridge Books, Cambridge University Press, number 9780521872751, November.
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    Keywords

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    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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