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Corruption as an Obstacle of Sustainable Development

In: Leadership, Entrepreneurship and Sustainable Development Post COVID-19

Author

Listed:
  • Victoria Bozhenko

    (Sumy State University)

  • Anton Boyko

    (Sumy State University)

  • Iryna Voronenko

    (National University of Life and Environmental Sciences of Ukraine)

Abstract

Corruption is a leading phenomenon which is caused by a range of political, economic, institutional, social, as well as cultural factors. Corruption destroys justice and fairness, undermines vital tendering processes, damages industries, violates the business integrity, and dispossesses people of basic needs such as education, healthcare, and security. It also hampers all principles of leadership in business and economics. The main purpose of the research is to estimate the impact of corruption on reaching the Sustainable Development Goals. The relevance of this scientific problem decision is that corruption is gradually turning from a domestic problem into a global threat, and it is cross-sectoral issue. Tackling corruption is vital to achieving all of the Sustainable Development Goals, mainly SDG 16. Methodological tools of the research methods were stationary test (Levin-Lin-Chu, Hadri, Pesaran and Chin, Dickie-Fuller tests) and fully modified least squares for estimation of the parameters of panel regression. This chapter presents the results of an empirical analysis which showed that public institutions need to work toward achieving the Sustainable Development Goals by improving the institutional and regulatory framework. The results of the research can be useful for international and national anti-corruption institutions and national regulators.

Suggested Citation

  • Victoria Bozhenko & Anton Boyko & Iryna Voronenko, 2023. "Corruption as an Obstacle of Sustainable Development," Springer Proceedings in Business and Economics, in: Wadim Strielkowski (ed.), Leadership, Entrepreneurship and Sustainable Development Post COVID-19, chapter 0, pages 395-407, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-28131-0_27
    DOI: 10.1007/978-3-031-28131-0_27
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    More about this item

    Keywords

    Corruption; Sustainable development; Panel regression; Leadership;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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