Corruption, Income Distribution, and Growth

Li, Hongyi; Xu, Lixin Colin; Zou, Heng-Fu

doi:10.1111/1468-0343.00073

Cited by 361 publications

(235 citation statements)

References 27 publications

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“…Empirically Davoodi et al (1998) found a positive correlation between corruption and in-equality (measured by Gini coefficient) for 37 countries. Li et al (2000) found that the corruption affects the income distribution in an (2003) and Brown et al (2005) found no significant positive relation between higher income inequality and corruption.…”

Section: Hypothesis Derivationmentioning

confidence: 94%

Determinants of Corruption in Developing Countries

Chaudhry¹,

Shabbir²

2007

PDR

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu Terms of use: Documents in Determinants of Corruption in Developing Countries

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Section: Hypothesis Derivationmentioning

confidence: 94%

Determinants of Corruption in Developing Countries

Chaudhry¹,

Shabbir²

2007

PDR

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“…Brunetti, 1997;Poirson, 1998;Li et al, 2000;Mo, 2001;Del Monte and Pagagni, 2001;Leite and Weidmann, 2002;Gyimah-Brempong, 2002;Abed and Davoodi, 2002;Méon and Sekkat, 2005;and Castro, 2008).…”

Section: Determinants Of Fdi and Corruptionmentioning

confidence: 99%

Does corruption inhibit foreign direct investment?

Castro

Nunes²

2013

Revista Política

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Globalization creates new opportunities for firms to invest abroad and many economies are making active efforts to attract Foreign Direct Investment (FDI) in order to promote economic growth. Decisions to invest abroad depend on a complex set of factors, but the least corrupt countries may attract more foreign direct investment because they provide a more favorable climate for investors. In this paper we investigate the impact of corruption on FDI inflows in 73 countries, over the period 1998-2008. Our results suggest that countries where corruption is lower, the FDI inflows are greater, and so controlling corruption may be an important strategy for increase FDI inflows. Keywords: Corruption, Foreign Direct Investment, economic growth. ¿La corrupción inhibe La inversión extranjera Directa?La globalización ha creado nuevas oportunidades para invertir en el extranjero y muchas economías están haciendo esfuerzos para atraer inversión extranjera directa (IED) con el fin de promover el crecimiento económico. La decisión de invertir en el extranjero depende de un complejo conjunto de factores. No obstante, los países menos corruptos pueden atraer más inversión extranjera directa, ya que proporcionan un clima más favorable para los inversionistas. En este trabajo se investiga el impacto de la corrupción sobre los flujos de IED en 73 países, en el período 1998-2008. Los resultados sugieren que los países donde la corrupción es menor, las entradas de IED son mayores, por lo que el control de la corrupción puede ser una estrategia importante para aumentar los flujos de IED. Palabras clave: corrupción, Inversión extranjera directa, crecimiento económico.

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“…Most of the economic literature and institutional reports consider corruption as a major obstacle to social development and economic growth -namely, the so-called hypothesis of "sand in the wheels" (see, among others, Myrdal 1989;Andvig and Moene 1990;Shleifer and Vishny 1993;Mauro 1995;Keefer and Knack 1997;Hall and Jones 1999;La Porta et al 1999;Li, Xu, and Zou 2000;Gyimah-Brempong 2002;Tanzi and Davoodi 2002;Kaufmann 2005;Blackburn and Sarmah 2008;World Bank 2007;World Bank various years).…”

Section: Related Literaturementioning

confidence: 99%

Small Firms, Corruption, and Demand for Credit. Evidence from the Euro Area

Galli¹,

Mascia²,

Rossi³

2017

IBR

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In this paper, we aim to assess how the quality of the institutional environment -identified according to the level of corruption perceived in a country -may affect the access to credit for micro, small, and medium-sized enterprises (MSMEs). Based on a sample of 68,115 observations -drawn from the ECB-SAFE survey -related to MSMEs chartered in 11 euro area countries, we investigate whether the level of corruption affects their demand for bank loans during the period 2009-2014.Overall, we find that the degree of corruption seems to play a role in the applications for bank loans when small firms are under investigation. Interestingly, results highlight that small businesses chartered in highly corrupt countries face a greater probability of self-restraint regarding their loan applications (about 7.4%) than small firms located in low-corruption economies (around 6%). The results are robust to various model specifications and econometric methodologies. Our findings suggest that anti-corruption policies and measures enhancing transparency in the economy may be crucial in reducing the negative spillovers generated by a low-quality institutional environment on the access to credit by small firms.

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Corruption, Income Distribution, and Growth

Cited by 361 publications

References 27 publications

Determinants of Corruption in Developing Countries

Determinants of Corruption in Developing Countries

Does corruption inhibit foreign direct investment?

Small Firms, Corruption, and Demand for Credit. Evidence from the Euro Area

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