Influence of corruption on economic growth rate and foreign investment

@article{Podobnik2007InfluenceOC,
  title={Influence of corruption on economic growth rate and foreign investment},
  author={Boris Podobnik and Jia Shao and Djuro Njavro and Plamen Ch. Ivanov and Harry Eugene Stanley},
  journal={The European Physical Journal B},
  year={2007},
  volume={63},
  pages={547-550}
}
We analyze the dependence of the Gross Domestic Product (GDP) per capita growth rates on changes in the Corruption Perceptions Index (CPI). For the period 1999–2004 for all countries in the world, we find on average that an increase of CPI by one unit leads to an increase of the annual GDP per capita growth rate by 1.7%. By regressing only the European countries with transition economies, we find that an increase of CPI by one unit generates an increase of the annual GDP per capita growth rate… 

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