International Conference on Eurasian Economies
10-12 July 2017 – Istanbul, TURKEY
Paper detail
Paper ID : 1940
Status : Paper published
Language : Turkish
Topic : Macroeconomics
Presenter: Prof. Dr. Ahmet Ay
Session : 1D Bölgesel Çalışmalar
The Relationship between Corruption and Economic Growth: The Case of Newly Industrialized Countries
Yolsuzluk ve Ekonomik Büyüme Arasındaki İlişki: Yeni Sanayileşmiş Ülkeler için Panel Veri Analizi
- Dr. Emrah Sofuoğlu (Ahi Evran University, Türkiye)
- Dr. Oktay Kızılkaya (Ahi Evran University, Türkiye)
- Prof. Dr. Ahmet Ay (Selçuk University, Türkiye)
Abstract
Studies on corruption have been increasing in the literature recently. The effects of corruption, especially on macroeconomic variables, are a matter of curiosity for researchers. The aim of this study is to examine the relationship between corruption and economic growth. In this sense, Newly Industrialized Countries (NIC) are investigated in the study. The study covers the period 2001-2014 and to determine the long-term relationship, Pedroni cointegration test, panel FMOLS and panel DOLS coefficient estimators are utilised. According to the results of Pedroni cointegration test, there is a long-term relationship between corruption and economic growth. In addition, both panel FMOLS and DOLS results indicate that rise in corruption index contributes to higher economic growth in related countries.
JEL codes: C23, D02, B22
Sofuoğlu, Emrah, Kızılkaya, Oktay, Ay, Ahmet (2017). "The Relationship between Corruption and Economic Growth: The Case of Newly Industrialized Countries" in Proceedings of International Conference of Eurasian Economies 2017, pp.476-483, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C08.01940
Session 1D: Bölgesel Çalışmalar
