Corruption, Institutional Quality and Economic Growth in Transition Countries
ORCID: Andrzej Cieślik: 0000-0002-7834-7384
Wydanie: Lublin 2016
In this article we use the modified Mauro (2002) theoretical framework to study the empirical relationship between corruption and the rate of economic growth in post-communist countries in the presence of governance quality measures. Our empirical study is based on panel data for 29 countries during the period 1993-2013. Our estimation results unambiguously show that perception is negatively related to the the rate of economic growth. Our method tackles both significant collinearity found in the sample and allows to speak about this conclusion in casuality terms.