Publicação
Corruption and economic growth : does the size of the government matter?
| Resumo: | Corruption is often a source of contentious debate, covering different areas of knowledge, such as philosophy and sociology. In this paper we assess the effects of corruption on economic activity and highlight the relevance of the size of the government. We use dynamic models and the Generalized Method of Moments (GMM) approach for a panel of 48 countries, from 2012 to 2019. We find an adverse effect of corruption on the level and growth of GDP per capita, but that large governments benefit less from reducing corruption. Furthermore, developing economies, regardless of government size, benefit less from reducing corruption, while government size is not sufficient to explain the influence of corruption on economic activity, although the level of effectiveness of public services is crucial. Finally, our findings suggest that private investment is a potential transmission channel for corruption. |
|---|---|
| Autores principais: | Afonso, António |
| Outros Autores: | Rodrigues, Eduardo de Sá Fortes Leitão |
| Assunto: | Corruption Economic Growth Government Size Generalized Method of Moments Forward Orthogonal Deviations |
| Ano: | 2021 |
| País: | Portugal |
| Tipo de documento: | working paper |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1877770890540744704 |
|---|---|
| author | Afonso, António |
| author2 | Rodrigues, Eduardo de Sá Fortes Leitão |
| author2_role | author |
| author_facet | Afonso, António Rodrigues, Eduardo de Sá Fortes Leitão |
| author_role | author |
| contributor_name_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Afonso, António\"},{\"Person.name\":\"Rodrigues, Eduardo de Sá Fortes Leitão\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Afonso, António Rodrigues, Eduardo de Sá Fortes Leitão |
| datacite.date.Accepted.fl_str_mv | 2021-02-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2021-02-19T16:31:24Z |
| datacite.date.embargoed.fl_str_mv | 2021-02-19T16:31:24Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Corruption Economic Growth Government Size Generalized Method of Moments Forward Orthogonal Deviations |
| datacite.titles.title.fl_str_mv | Corruption and economic growth : does the size of the government matter? |
| dc.contributor.none.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Afonso, António Rodrigues, Eduardo de Sá Fortes Leitão |
| dc.date.Accepted.fl_str_mv | 2021-02-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2021-02-19T16:31:24Z |
| dc.date.embargoed.fl_str_mv | 2021-02-19T16:31:24Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/21082 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | ISEG - REM - Research in Economics and Mathematics |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Corruption Economic Growth Government Size Generalized Method of Moments Forward Orthogonal Deviations |
| dc.title.fl_str_mv | Corruption and economic growth : does the size of the government matter? |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_8042 |
| description | Corruption is often a source of contentious debate, covering different areas of knowledge, such as philosophy and sociology. In this paper we assess the effects of corruption on economic activity and highlight the relevance of the size of the government. We use dynamic models and the Generalized Method of Moments (GMM) approach for a panel of 48 countries, from 2012 to 2019. We find an adverse effect of corruption on the level and growth of GDP per capita, but that large governments benefit less from reducing corruption. Furthermore, developing economies, regardless of government size, benefit less from reducing corruption, while government size is not sufficient to explain the influence of corruption on economic activity, although the level of effectiveness of public services is crucial. Finally, our findings suggest that private investment is a potential transmission channel for corruption. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | workingPaper |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/9b550fc4-c8a6-44ea-b618-029dd4d6f4bb/download |
| funder_facet_str_mv | FCT{{{_:::_}}}Fundação para a Ciência e a Tecnologia |
| funding.funder.alternateName_str_mv | FCT |
| funding.funder.identifier_str_mv | http://doi.org/10.13039/501100001871 |
| funding.funder.name_str_mv | Fundação para a Ciência e a Tecnologia |
| funding.identifier_str_mv | UIDB/05069/2020 |
| funding.name_str_mv | 6817 - DCRRNI ID |
| funding_str_mv | UIDB/05069/2020 info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F05069%2F2020/PT |
| id | ul_ee6a3c384dae11e2bd23fef404d25b1b |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/21082 |
| inst_facet_str | urn:organizationAcronym:ul{{{_:::_}}}Universidade de Lisboa |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/21082 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Afonso, António Rodrigues, Eduardo de Sá Fortes Leitão |
| publishDate | 2021 |
| publisher.none.fl_str_mv | ISEG - REM - Research in Economics and Mathematics |
| repo_facet_str | urn:repositoryAcronym:ul{{{_:::_}}}Repositório da Universidade de Lisboa |
| reponame_str | Repositório da Universidade de Lisboa |
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| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engISEG - REM - Research in Economics and Mathematicspt_PTCorruption is often a source of contentious debate, covering different areas of knowledge, such as philosophy and sociology. In this paper we assess the effects of corruption on economic activity and highlight the relevance of the size of the government. We use dynamic models and the Generalized Method of Moments (GMM) approach for a panel of 48 countries, from 2012 to 2019. We find an adverse effect of corruption on the level and growth of GDP per capita, but that large governments benefit less from reducing corruption. Furthermore, developing economies, regardless of government size, benefit less from reducing corruption, while government size is not sufficient to explain the influence of corruption on economic activity, although the level of effectiveness of public services is crucial. Finally, our findings suggest that private investment is a potential transmission channel for corruption.application/pdfpt_PTCorruption and economic growth : does the size of the government matter?Afonso, AntónioRodrigues, Eduardo de Sá Fortes LeitãoHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@ulisboa.ptrepositorio@ulisboa.ptISSNIsPartOf2184-108X2021-02-19T16:31:24Z2021-022021-02-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/21082http://purl.org/coar/access_right/c_abf2open accessCorruptionEconomic GrowthGovernment SizeGeneralized Method of MomentsForward Orthogonal Deviations1591596 bytesFundação para a Ciência e a TecnologiaResearch in Economics and Mathematicsinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F05069%2F2020/PTUIDB/05069/20206817 - DCRRNI IDCrossref Funder IDhttp://doi.org/10.13039/501100001871other research producthttp://purl.org/coar/resource_type/c_8042working paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/9b550fc4-c8a6-44ea-b618-029dd4d6f4bb/download |
| spellingShingle | Corruption and economic growth : does the size of the government matter? Afonso, António Corruption Economic Growth Government Size Generalized Method of Moments Forward Orthogonal Deviations |
| status | SINGLETON |
| subject.fl_str_mv | Corruption Economic Growth Government Size Generalized Method of Moments Forward Orthogonal Deviations |
| title | Corruption and economic growth : does the size of the government matter? |
| title_full | Corruption and economic growth : does the size of the government matter? |
| title_fullStr | Corruption and economic growth : does the size of the government matter? |
| title_full_unstemmed | Corruption and economic growth : does the size of the government matter? |
| title_short | Corruption and economic growth : does the size of the government matter? |
| title_sort | Corruption and economic growth : does the size of the government matter? |
| topic | Corruption Economic Growth Government Size Generalized Method of Moments Forward Orthogonal Deviations |
| topic_facet | Corruption Economic Growth Government Size Generalized Method of Moments Forward Orthogonal Deviations |
| url | http://hdl.handle.net/10400.5/21082 |
| visible | 1 |