Corruption and Economic Growth

  title={Corruption and Economic Growth},
  author={Pak Hung Mo},
  journal={Journal of Comparative Economics},
  • Pak Hung Mo
  • Published 2001
  • Economics
  • Journal of Comparative Economics
  • Abstract This study introduces a new perspective on the role of corruption in economic growth and provides quantitative estimates of the impact of corruption on the growth and importance of the transmission channels. In our ordinary least squares estimations, we find that a 1% increase in the corruption level reduces the growth rate by about 0.72% or, expressed differently, a one-unit increase in the corruption index reduces the growth rate by 0.545 percentage points. The most important channel… CONTINUE READING
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