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Determinants Of Corruption In Romania And Its Impact On Economic Growth

Author

Listed:
  • Daniela Viorică

    (Faculty of Economics and Business Administration, "Al. I. Cuza" University, Iasi, Romania)

  • Dănuţ Jemna

    (Faculty of Economics and Business Administration, "Al. I. Cuza" University, Iasi, Romania)

  • Carmen Pintilescu

    (Faculty of Economics and Business Administration, "Al. I. Cuza" University, Iasi, Romania)

Abstract

It is common knowledge that corruption is harmful to the economic development, mainly because it reduces the level of foreign investments. The aim of this paper is to find the determinant factors for the corruption phenomenon in Romania and to assess the effects that it has on economic growth. An econometric model was built to explain the influence of corruption on GDP annual growth rate and on the foreign direct investments in Romania. Corruption perception index, index of economic freedom, GDP growth rate, governance indicators, along with other socio-economic indicators were used in the analysis.

Suggested Citation

  • Daniela Viorică & Dănuţ Jemna & Carmen Pintilescu, 2011. "Determinants Of Corruption In Romania And Its Impact On Economic Growth," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 2011, pages 225-233, july.
    • Handle: RePEc:aic:journl:y:2011:v:se:p:225-233
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    References listed on IDEAS

    as
    1. Mushfiq us Swaleheen & Dean Stansel, 2007. "Economic Freedom, Corruption, and Growth," Cato Journal, Cato Journal, Cato Institute, vol. 27(3), pages 343-358, Fall.
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    4. Abdiweli M. Ali & Hoden Said Isse, 2003. "Determinants of Economic Corruption: A Cross-Country Comparison," Cato Journal, Cato Journal, Cato Institute, vol. 22(3), pages 449-466, Winter.
    5. Paolo Mauro, 1995. "Corruption and Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 681-712.
    6. Francis T. Lui, 1996. "Three Aspects Of Corruption," Contemporary Economic Policy, Western Economic Association International, vol. 14(3), pages 26-29, July.
    7. Gordon Tullock, 1996. "Corruption Theory And Practice," Contemporary Economic Policy, Western Economic Association International, vol. 14(3), pages 6-13, July.
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    Citations

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    Cited by:

    1. Andreea-Oana IACOBUTA, 2015. "Cultural Values And Regional Development In Romania," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 7(7), pages 182-188, June.
    2. Ambar, Rabnawaz, 2015. "Corruption, Inequality and Economic Growth," MPRA Paper 70375, University Library of Munich, Germany, revised 2015.

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    More about this item

    Keywords

    Corruption; economic growth; Romania; governance indicators; economic freedom;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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