Business corruption, public sector corruption, and growth rate: time series analysis using Korean data
With annual data for 1986 to 2001 from South Korea (hereafter Korea), the regression results are consistent with the hypothesis that business corruption and public sector corruption have detrimental effects on real per capita growth rate. It is also evident that two causal relationships between each pair of corruptions exist; reducing one is likely to result in reductions in the other, implying that business and public sector corruptions may be one package in policy formulation. The elasticity of real per capita growth rate with respect to two indicators of public sector corruptions indicate that corruption in terms of number is more sensitive to real per capita growth rate than corruption in the amount of money.
Volume (Year): 13 (2006)
Issue (Month): 13 ()
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References listed on IDEAS
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- Dowrick, Steve, 1996. "Estimating the Impact of Government Consumption on Growth: Growth Accounting and Endogenous Growth Models," Empirical Economics, Springer, vol. 21(1), pages 163-186.
- Pranab Bardhan, 1997. "Corruption and Development: A Review of Issues," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1320-1346, September.
- Stock, James H. & Watson, Mark W., 1989. "Interpreting the evidence on money-income causality," Journal of Econometrics, Elsevier, vol. 40(1), pages 161-181, January.
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