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Governance regimes, corruption and growth: Theory and evidence

Aidt, T and Dutta, J and Sena, V (2008) 'Governance regimes, corruption and growth: Theory and evidence.' Journal of Comparative Economics, 36 (2). 195 - 220. ISSN 0147-5967

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Abstract

We study the role of political accountability as a determinant of corruption and economic growth. Our model identifies two governance regimes defined by the quality of political institutions and shows that the relationship between corruption and growth is regime specific. We use a threshold model to estimate the impact of corruption on growth where corruption is treated as an endogenous variable. We find two governance regimes, conditional on the quality of political institutions. In the regime with high quality political institutions, corruption has a substantial negative impact on growth. In the regime with low quality institutions, corruption has no impact on growth. Journal of Comparative Economics 36 (2) (2008) 195-220. © 2007 Association for Comparative Economic Studies.

Item Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Management Science and Entrepreneurship Group
Depositing User: Jo Wiltshire
Date Deposited: 30 Aug 2013 22:17
Last Modified: 30 Jan 2019 16:21
URI: http://repository.essex.ac.uk/id/eprint/5268

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