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Institutional quality and endogenous economic growth

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  • Vladimir Kühl Teles

Abstract

Purpose - This paper seeks to investigate the relation among corruption, institutional quality and economic growth. Design/methodology/approach - It expands the Erlich and Lui (JPE) endogenous growth model. From this model, institutional aspects such as judicial corruption, bureaucracy, democracy and income inequality are introduced into the analysis in order to identify the institutional conditions that may inhibit corruption and stimulate economic growth. Findings - It was demonstrated that the magnitude of the marginal effect of bureaucratic corruption on growth crucially depends on other institutional aspects of the economy and that judicial corruption amplifies the perverse effects of bureaucratic corruption. Originality/value - The paper explains why some countries with a lot of corruption grow at high rates. In that sense if a country has only a lot of judicial or bureaucratic corruption it may grow at high rates but, when these two kinds of corruptions occur at the same time, then the economy will be at a low‐growth pitfall.

Suggested Citation

  • Vladimir Kühl Teles, 2007. "Institutional quality and endogenous economic growth," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 34(1), pages 29-41, January.
    • Handle: RePEc:eme:jespps:v:34:y:2007:i:1:p:29-41
    DOI: 10.1108/01443580710717200
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    Citations

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    Cited by:

    1. Thangamani Bhavan, 2020. "Is Corruption ‘Grease’ Or ‘Sand’ in the Wheels of Foreign Direct Investment Inflows in the South Asian Economies?," Asian Development Policy Review, Asian Economic and Social Society, vol. 8(3), pages 185-193, September.
    2. Ali T. Akarca & Aysit Tansel, 2016. "Voter reaction to government incompetence and corruption related to the 1999 earthquakes in Turkey," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 43(2), pages 309-335, May.
    3. Şakir Erdem & Beril Durmuş & Osman Özdemir, 2017. "The Relationship with Ad Clicks and Purchase Intention: An Empiricial Study of Online Consumer Behaviour," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, September.
    4. Wei-bin ZHANG, 2020. "Corruption and Public Service in an Extended Solowian Growth Model with Endogenous Labor Supply," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(2), pages 1-20, July.
    5. Olalekan Charles Okunlola, 2019. "Political Regime Types and Economic Development in Nigeria: Significance of Conflict and Corruption," Journal of Interdisciplinary Economics, , vol. 31(2), pages 183-216, July.
    6. Wei-Bin ZHANG, 2018. "Corruption, governments’ debts, trade, and global growth," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(615), S), pages 27-50, Summer.

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