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Is growth corrupted or bureaucratic? Panel evidence from the enlarged EU

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  • E. Tsanana
  • X. Chapsa
  • C. Katrakilidis

Abstract

This article aims at analysing the issue of conditional convergence in the new enlarged European Union (EU) over the period 1995--2012 by means of panel data techniques. We examined the issue of conditional convergence in the enlarged EU giving particular attention to the effects of corruption and bureaucracy on growth controlling for a widely used set of explanatory variables such as investment (domestic and foreign), human capital formation, inflation, general government final consumption and trade openness. Furthermore, we examine if growth responds differently to corruption and bureaucracy in the new EU members by means of two group-specific interaction variables to capture possible different responses to corruption and bureaucracy. The analysis reveals evidence of conditional convergence in the enlarged EU, with investment share, foreign direct investment, human capital, and country openness appearing as robust growth drivers. In contrast, inflation and government consumption rather hamper growth. Furthermore, the effects of corruption and bureaucracy on growth seem to differ across old and new EU members.

Suggested Citation

  • E. Tsanana & X. Chapsa & C. Katrakilidis, 2016. "Is growth corrupted or bureaucratic? Panel evidence from the enlarged EU," Applied Economics, Taylor & Francis Journals, vol. 48(33), pages 3131-3147, July.
    • Handle: RePEc:taf:applec:v:48:y:2016:i:33:p:3131-3147
    DOI: 10.1080/00036846.2015.1136395
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