Naslov
Influence of corruption on economic growth rate and foreign investments

Autori
Podobnik, Boris ; Shao, J. ; Njavro, Đuro ; Ivanov, P. Ch. ; Stanley, H. E.

Izvornik
European Physical Journal B (1434-6028) 63 (2008), 4; 547-550

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Gross Domestic Product; Corruption Perceptions Index; power-law

Sažetak
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 by 1.7\%. By regressing only the European countries with transition economies, we find that an increase of $\Delta$CPI = 1 generates an increase of the annual GDP per capita by 2.4\%. We also analyze the relation between foreign direct investments received by different countries and CPI, and we find a statistically significant power-law functional dependence between foreign direct investment per capita and the country corruption level measured by the CPI. We introduce a new measure to quantify the relative corruption between countries based on their respective wealth as measured by GDP per capita.

Izvorni jezik
Engleski

Znanstvena područja
Fizika, Ekonomija

POVEZANOST RADA