MAY 11, 2011
A ' corrupt ' statistic or emperical research finding !
In " Very Corrupt Countries," Corrupt Practices Boost Growth !
Observed fact :
In " deeply corrupt countries" such as Congo, incidences of corrupt practices actually enhance economic growth, perhaps by helping companies sidestep onerous rules, says Mushfiq Swaleheen of Florida Gulf Coast University.
But that's only at the extreme; for a country with average endemic corruption, a one-standard-deviation increase in corrupt incidences depresses per-capita GDP growth by 0.12 percentage points, he has found.
Source: Economic growth with endogenous corruption: an empirical study
No comments:
Post a Comment