IDEAS home Printed from https://ideas.repec.org/a/sae/intare/v6y2003i2p137-159.html
   My bibliography  Save this article

Investigating a “New Paradigm†on Strategy against Corruption in the Private Sector

Author

Listed:
  • Jae-Hyung Lee

Abstract

This paper's main objective is to investigate a “new paradigm†on strategy against corruption as proposed by Kang, Chul-Kyu and Lee, Jae-Hyung(2003)(hereafter Kang and Lee) in private sector. A “new paradigm†is characterised by shifting the equilibrium point of corruption downward, due to the external shocks(i.e., regulatory reform, accounting transparency, education, and information technology) as well as a severe regulation(i.e., exposure and punishment). On the basis of this study, policy makers should choose an objective by scientific methodology; Scientific measurement enhances understanding which contributes to the control, and thus facilitates improvement. This suggests that scientific measurement or evaluation is essential. Using a cross-sectional data of 20 countries from the 2002 International Management Development Yearbook and the 2002 Opacity Index by Price Waterhouse Coopers the empirical results are consistent with a “new paradigm†in private sector. It is also evident in cross national comparisons that Korea's fair trade policies such as accounting transparency in private sector as well as regulatory reform, together with a severe regulation such as exposure and punishment, can make a substantial contribution to her national competitiveness.

Suggested Citation

  • Jae-Hyung Lee, 2003. "Investigating a “New Paradigm†on Strategy against Corruption in the Private Sector," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 6(2), pages 137-159, September.
    • Handle: RePEc:sae:intare:v:6:y:2003:i:2:p:137-159
    DOI: 10.1177/223386590300600207
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/223386590300600207
    Download Restriction: no
    File URL: https://libkey.io/10.1177/223386590300600207?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. John J. Beggs, 1988. "Diagnostic Testing in Applied Econometrics," The Economic Record, The Economic Society of Australia, vol. 64(2), pages 81-101, June.
    2. Mr. George T. Abed & Mr. Hamid R Davoodi, 2000. "Corruption, Structural Reforms, and Economic Performance in the Transition Economies," IMF Working Papers 2000/132, International Monetary Fund.
    3. repec:zbw:wtowps:99-02 is not listed on IDEAS
    4. Shang-Jin Wei, 2000. "Corruption, composition of capital flows, and currency crises," Policy Research Working Paper Series 2429, The World Bank.
    5. Breusch, T S & Pagan, A R, 1979. "A Simple Test for Heteroscedasticity and Random Coefficient Variation," Econometrica, Econometric Society, vol. 47(5), pages 1287-1294, September.
    6. Paolo Mauro, 1995. "Corruption and Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 681-712.
    7. Beggs, John J, 1988. "Diagnostic Testing in Applied Econometrics," The Economic Record, The Economic Society of Australia, vol. 64(185), pages 81-101, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. McAleer, Michael, 1995. "The significance of testing empirical non-nested models," Journal of Econometrics, Elsevier, vol. 67(1), pages 149-171, May.
    2. John McArthur & Francis Teal, 2002. "Corruption and firm performance in Africa," CSAE Working Paper Series 2002-10, Centre for the Study of African Economies, University of Oxford.
    3. Loría, Eduardo & Rojas, Susana & Martínez, Eduardo, 2021. "Okun’s law in Mexico: an analysis of heterogeneity among States, 2004–2018," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    4. Bienvenido Ortega & Antonio Casquero & Jesús Sanjuán, 2016. "Corruption and Convergence in Human Development: Evidence from 69 Countries During 1990–2012," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(2), pages 691-719, June.
    5. Richard C.K. Burdekin, 1992. "Assessing the Impact of US Macroeconomic Policies and Inflation Rates on the Australian Economy," The Economic Record, The Economic Society of Australia, vol. 68(1), pages 16-30, March.
    6. Simplice A Asongu, 2015. "A Good Turn Deserves Another: Political Stability, Corruption and Corruption-Control," Economics Bulletin, AccessEcon, vol. 35(4), pages 2037-2048.
    7. Ricardo Montero & Gustavo Yamada, 2012. "Exclusión y discriminación étnica en los servicios públicos en el Perú," Chapters of Books, in: Francisco Galarza (ed.), Discriminación en el Perú: Exploraciones en el Estado, la empresa y el mercado laboral., edition 1, volume 1, chapter 5, pages 219-278, Fondo Editorial, Universidad del Pacífico.
    8. Atef Saad Alshehry, 2020. "The Impact of Corruption on FDI in Some MENA Countries," International Journal of Applied Economics, Finance and Accounting, Online Academic Press, vol. 7(1), pages 39-45.
    9. Tudorel ANDREI & Ani MATEI & Ion Gh. ROSCA, 2009. "The Corruption - An Economic and Social Analysis," Economics Books, The Economica Publishing House, edition 1, volume 1, number 03, December.
    10. Philip J. Grossman, 1990. "The Impact of Federal and State Grants on Local Government Spending: a Test of the Fiscal Illusion Hypothesis," Public Finance Review, , vol. 18(3), pages 313-327, July.
    11. Brander, James A & Dowrick, Steve, 1994. "The Role of Fertility and Population in Economic Growth: Empirical Results from Aggregate Cross-National Data," Journal of Population Economics, Springer;European Society for Population Economics, vol. 7(1), pages 1-25.
    12. Rahim M. Quazi, 2014. "Effects Of Corruption And Regulatory Environment On Foreign Direct Investment: A Case Study Of Africa," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 8(4), pages 51-60.
    13. Paul Cashin, 1991. "A Model Of The Disaggregated Demand For Meat In Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 35(3), pages 263-283, December.
    14. P. J. Gunawardana & E. A. Oczkowski, 1992. "Government Policies And Agricultural Supply Response: Paddy In Sri Lanka," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(2), pages 231-242, May.
    15. Manuel Portugal Ferreira & Helder Costa Carreira & Dan Li & Fernando Ribeiro Serra, 2016. "The Moderating Effect of Home Country Corruption on the Host Country’s Ability to Attract FDI," Brazilian Business Review, Fucape Business School, vol. 13(4), pages 94-117, July.
    16. William Martin & Cong S. Pham, 2020. "Estimating the gravity model when zero trade flows are frequent and economically determined," Applied Economics, Taylor & Francis Journals, vol. 52(26), pages 2766-2779, May.
    17. Michael Berlemann & Sabine Engelmann & Matthias Göthel & Beate Henschel & Carsten Pohl & Joachim Ragnitz & Heinz Schmalholz, 2008. "Die neuen Bundesländer im internationalen Standortvergleich," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 43, July.
    18. Akinleye, S.O. & Rahji, M.A.Y., 2007. "Nutrient elasticities among Nigerian households differentiated by income," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 46(2), pages 1-15, June.
    19. Tudorel Andrei & Ani Matei & Stelian Stancu & Bogdan Oancea, 2009. "Some notes about decentralization process implications on public administration corruption in romania," Prague Economic Papers, Prague University of Economics and Business, vol. 2009(1), pages 26-37.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:intare:v:6:y:2003:i:2:p:137-159. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.hufs.ac.kr/user/hufsenglish/re_1.jsp .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.