Can capitalism restrain public perceived corruption? Some evidence

Faría, Hugo J.; Morales, Daniel R.; Pineda, Natasha; Montesinos, Hugo M.

doi:10.1017/s1744137412000070

Cited by 9 publications

(5 citation statements)

References 98 publications

(167 reference statements)

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“…Note: Higher values of the corruption measure indicate higher corruption. on growth is estimated as Saha et al (2009) and Faria et al (2012) predict that economic freedom can enhance business activity by providing credibility to the investors. The results (Table 5) illustrate that coefficients on corruption are mostly positive and significant (columns 1, 4-5) which is consistent with our earlier results.…”

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confidence: 99%

The corruption–growth relationship: does the political regime matter?

Saha

Sen

2020

Journal of Institutional Economics

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Corruption is widely believed to have an adverse effect on the economic performance of a country. However, many East-and-Southeast-Asian countries either achieved or currently are achieving impressively rapid economic growth despite widespread corruption – the so-called East-Asian-Paradox. A common feature of these countries was that they were autocracies. We re-examine the corruption-growth relationship, in light of the East-Asian-Paradox. We examine the role of political regimes, in mediating corruption–growth relationship using panel data over 100 countries for the period 1984–2016. We find clear evidence that corruption–growth relationship differs by the type of political regime, and the growth-enhancing effect of corruption is more likely in autocracies than in democracies. The marginal effect analysis shows that in strongly autocratic countries, higher corruption may lead to significantly higher growth, while this is not the case in democracies. Alternatively, democracy is not good for growth if there is a high level of perceived corruption. We provide suggestive evidence that the mechanism by which corruption is growth-enhancing in autocracies is through the perceived credibility of the commitment of ruling political elites to economic freedom, thereby providing confidence to the firms to invest, leading to long-term growth.

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confidence: 99%

The corruption–growth relationship: does the political regime matter?

Saha

Sen

2020

Journal of Institutional Economics

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“…The positive relation between economic freedom and quality of institutions is widely supported by the literature (see Faria et al, 2012 and the references therein). Nevertheless, the concept of economic freedom as described in the various papers is not exactly the same.…”

Section: Economic Freedommentioning

confidence: 74%

Exploring the links between tourism and quality of institutions

Esquinas

Pou

2019

Cuad Turism

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This paper introduces a new perspective on the impacts of tourism on host communities by analyzing the links between tourism specialization and quality of institutions. Our research has two principal aims: firstly, to test the significance and sign of this relationship; and secondly, to explore the channels through which tourism could affect institutional quality. To this end, an econometric analysis is conducted using a sample of 92 countries over the period 1995-2014. The results indicate that there is a significant and positive association between tourism specialization and institutional quality. Moreover, this relation can be explained through three main channels: level of income, income inequality, and economic freedom. Este trabajo aporta una nueva perspectiva sobre los impactos del turismo analizando las relaciones entre la especialización turística de un país y la calidad de sus instituciones. La investigación plantea dos objetivos: (1) testar empíricamente la significatividad y signo de dichas relaciones y (2) explorar los canales a través de los que se producen. Realizamos un análisis econométrico para 92 países y 20 años. Los principales resultados indican la existencia de una asociación significativa y positiva entre turismo y calidad institucional que se produce principalmente a través de tres canales: nivel de renta, distribución de la renta y libertad económica.

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“…A political economy perspective emphasizes its role in enhancing stability and reducing fiscal imbalances [ 37 ]. The effectiveness of fiscal decentralization is influenced by the institutional framework, including legal and administrative structures [ 16 ]. This study examines the relationship between fiscal decentralization and economic growth in developed and developing countries, drawing on these theoretical perspectives to guide the analysis and contribute to the existing literature.…”

Section: Introductionmentioning

confidence: 99%

The impact of fiscal decentralization on economic growth: A comparative analysis of selected African and OECD countries

Sima,

Liang,

Qingjie

2023

Heliyon

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Can capitalism restrain public perceived corruption? Some evidence

Cited by 9 publications

References 98 publications

The corruption–growth relationship: does the political regime matter?

The corruption–growth relationship: does the political regime matter?

Exploring the links between tourism and quality of institutions

The impact of fiscal decentralization on economic growth: A comparative analysis of selected African and OECD countries

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