Does innovation affect the impact of corruption on economic growth? International evidence

Dokas, Ioannis; Panagiotidis, Minas; Papadamou, Stephanos; Spyromitros, Eleftherios

doi:10.1016/j.eap.2022.12.032

Cited by 21 publications

(8 citation statements)

References 86 publications

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“…Adaptation and adjustment are internal changes in an economy after a shock, including self-adaptability and factor allocation [ 44 , 63 , 64 ]. Transformation and innovation are the abilities of an economy to create new development paths after a shock, including technological progress and economic structure optimization [ 56 , 65 , 66 ]. Table 1 presents the regional economic resilience evaluation system used in this study.…”

Section: Methodsmentioning

confidence: 99%

Digital finance and regional economic resilience: Evidence from 283 cities in China

Hou,

Zhang,

Song

2023

Heliyon

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Section: Methodsmentioning

confidence: 99%

Digital finance and regional economic resilience: Evidence from 283 cities in China

Hou,

Zhang,

Song

2023

Heliyon

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“…A number of scholars have now confirmed the significant contribution of universities to the regional economy, such as Jan Youtie et al (2008) [ 11 ], who studied the functional transformation of Georgia Tech (from its traditional role of education and research to that of a knowledge center promoting innovation) to promote technological innovation and economic development in its region, and the study concluded that universities play a greater role in technology-based economic development. Alice Bertoletti et al (2022) [ 12 ], Ioannis Dokas et al (2022) [ 13 ] and others combined traditional econometric methods with random forests to analyze data and investigated the influence degree of the characteristics of higher education system on regional economic development, noting in particular that the most important factors for regional economic development are scale of higher education, internationalization of students and research productivity. Some detailed case study of the University of Waterloo in Canada to demonstrate the university's contribution to the growth and innovation of the local and regional economy (Allison Bramwell.et al, 2008; Juying Zeng et al, 2023) [ 14 , 15 ].…”

Section: Analysis Of the Coupling Mechanism Between The Transformatio...mentioning

confidence: 99%

Technological achievements in regional economic development: An econometrics analysis based on DEA

Chen

2023

Heliyon

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“…Corruption is a global problem that impacts all sorts of economies and enterprises, resulting in substantial negative results for companies, banking systems, or capital markets, as well as for the economy as a whole. There is evidence that corruption hinders economic development by having a negative impact on investment (Ghalwash, 2014;Mauro, 1995;Wang et al, 2022;Wu et al, 2023b), innovation (Bukari and Anaman, 2021;Dokas et al, 2023;Goedhuys et al, 2016;Wang et al, 2022), performance of the company (Blagojevic and Damijan, 2013;Sahakyan and Stiegert, 2012) and economic development (Aidt, 2009;Blackburn and Powell, 2011;Djankov et al, 2002;Dreher and Schneider, 2010;Ghalwash, 2014;Hoinaru et al, 2020;Klitgaard, 1988;Shleifer and Vishny, 1993). According to other research, however, corruption either raises corporate profitability for privately owned businesses (Ferris et al, 2021) or briefly boosts gross domestic product (GDP), (Ondo, 2017;Qureshi et al, 2021;Saha and Gounder, 2013;Wang et al, 2022), especially in developing countries, while eventually reducing it on long run (Liu et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

“…, 2022; Wu et al. , 2023b), innovation (Bukari and Anaman, 2021; Dokas et al. , 2023; Goedhuys et al.…”

Section: Introductionmentioning

confidence: 99%

Political stability and corruption nexus: an international perspective on European and Asian countries

Beju,

Ciupac-Ulici,

Bresfelean

2024

JRF

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PurposeThis paper aims to investigate the impact of political stability on corruption by drawing upon a sample encompassing both developed and developing European and Asian countries.Design/methodology/approachThe dataset, sourced from the Refinitiv database, spans from July 2014 to May 2022. Panel data techniques, specifically pooled estimation and dynamic panel data [generalized method of moments (GMM)] are employed. The analysis encompasses both fixed and random effects models to capture country-specific cross-sectional effects. To validate our findings, we perform a robustness test by including in the investigation four control variables, namely poverty, type of governance, economic freedom and inflation. To test heterogeneity, the dataset is further divided into two distinct subsamples based on the countries’ locations.FindingsEmpirical findings substantiate that political stability (viewed as the risk of government destabilization) has a positive and significant impact on corruption in all analyzed samples of European and Asian countries, though some differences are observed in various subsamples. When we take into account the control variables, these analysis results are robust.Research limitations/implicationsThis research provided a panel data analysis with GMM, while other empirical methodologies could also be used, like the difference-in-difference approach. However, our results should be validated by extending the time and the sample to a worldwide sample and using alternative measures of corruption and political stability. Moreover, our focus was on a linear and unidirectional relationship between the considered variables, but it would be interesting to test in our further research a non-linear and bidirectional correlation between them. Furthermore, we have introduced in the robustness test only four economic variables, but to consolidate our findings, we plan to include socioeconomic and demographic variables in future studies.Practical implicationsThese outcomes imply that authorities should be aware of the necessity of implementing anti-corruption policies designed to establish effective agencies and enforcement structures for combating systemic corruption, to improve the political environment and the quality of institutions and to apply coherent economic strategies to accelerate economic growth because higher political stability and sustainable development determine a decrease in levels of corruption.Social implicationsAt the microeconomic level, the survival of organizations may be in danger from new types of corruption and money laundering. Therefore, in order to prevent financial harm, the top businesses worldwide should respond to instances of corruption through strengthened supervisory procedures. This calls for the creation of a mechanism inside the code of conduct where correct reporting of suspected situations of corruption would have a prompt procedure to be notified of. To avoid corruption in operational procedures, national plans and policies should be developed by government officials, executives and legislators on a national level, as well as by senior management and the board of directors on an organizational level. This might lower organizations' extra corruption-related expenses, assure economic growth and improve global welfare.Originality/valueA novel feature of our research resides in its broad examination of a sizable sample of European and Asian countries regarding the nexus between corruption and political stability. The paper also investigates a less explored topic in economic literature, namely the impact of political stability on corruption. Furthermore, the study depicts policy recommendations, outlining effective and reasonable measures aimed at improving the political landscape and combating corruption.

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Does innovation affect the impact of corruption on economic growth? International evidence

Cited by 21 publications

References 86 publications

Digital finance and regional economic resilience: Evidence from 283 cities in China

Digital finance and regional economic resilience: Evidence from 283 cities in China

Technological achievements in regional economic development: An econometrics analysis based on DEA

Political stability and corruption nexus: an international perspective on European and Asian countries

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