The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Corruption and Economic Growth

  • Niloy Bose
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2920

Abstract

Theory is divided over the effects of corruption on economic growth. However, the growing consensus based on the empirical literature is that corruption is associated with negative growth outcomes. This relationship is not necessarily linear, and causality between corruption and economic growth can run in both directions.

Keywords

Corruption Economic growth Multiple equilibria Threshold effects Two-way causality 

JEL Classifications

D73 O11 O17 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Niloy Bose
    • 1
  1. 1.