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The impact of corruption on economic growth in developing countries and a comparative analysis of corruption measurement indicators

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  • Eleftherios Spyromitros
  • Minas Panagiotidis

Abstract

Although corruption has attracted researchers’ attention for more than 30 years, it remains one of the most significant political challenges all countries face. Even though corruption measures have improved, they lack reliability and clarity. Two aspects of corruption are examined in this paper: a) its measurement and b) its effects on the economic performance of 83 developing countries in the period 2012–2018 with AR (1) and FM-OLS data processing techniques. It provides an extensive reference for and critical assessment of different corruption index approaches, focusing on the already known and widespread indicators. Furthermore, it refers to the measures most suited for statistical analyses regarding perceptions and experiences. In addition, the study’s empirical results show that corruption hinders the economic growth of those developing countries. Different levels of corruption impact economic growth in different regions; specifically in Latin American countries, corruption impacts positively on economic growth or vice versa; in the other regions, it is negative. Finally, investment, human development, government growth, and institutional quality play essential roles in economic growth.

Suggested Citation

  • Eleftherios Spyromitros & Minas Panagiotidis, 2022. "The impact of corruption on economic growth in developing countries and a comparative analysis of corruption measurement indicators," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2129368-212, December.
    • Handle: RePEc:taf:oaefxx:v:10:y:2022:i:1:p:2129368
    DOI: 10.1080/23322039.2022.2129368
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    Citations

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    Cited by:

    1. Marwa Sallemi & Salah Ben Hamad & Nejla Ould Daoud Ellili, 2023. "Impact of board of directors on insolvency risk: which role of the corruption control? Evidence from OECD banks," Review of Managerial Science, Springer, vol. 17(8), pages 2831-2868, November.
    2. Ioannis Dokas & Georgios Oikonomou & Minas Panagiotidis & Eleftherios Spyromitros, 2023. "Macroeconomic and Uncertainty Shocks’ Effects on Energy Prices: A Comprehensive Literature Review," Energies, MDPI, vol. 16(3), pages 1-35, February.
    3. Mahrus Ali & Andi Muliyono & Syarif Nurhidayat, 2023. "The Application of a Human Rights Approach toward Crimes of Corruption: Analyzing Anti-Corruption Regulations and Judicial Decisions," Laws, MDPI, vol. 12(4), pages 1-18, August.

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