Numbers show that corruption is more destructive than Ebola or international terrorism. Corruption hinders economic development and innovation, thus making a target for anti-corruption political initiatives and international organizations. But is corruption always bad? Or can it sometimes be good for economic growth? This is to be debated!
Support us on Patreon: https://patreon.com/debated
1. BBC (2004) Suharto tops corruption rankings, March 25. Retrieved at http://news.bbc.co.uk/2/hi/business/3567745.stm
2. China Daily (2016) China has world’s largest high-speed rail network. February, 29. Retrieved at http://usa.chinadaily.com.cn/china/2016-02/29/content_23682288.htm
3. CNBC (2015) How China’s anti-corruption drive is hurting growth, December 4. Retrieved at https://www.cnbc.com/2015/12/04/how-chinas-anti-corruption-drive-is-hurting-growth.html
4. Delgado M., McCloud N., Kumbhakar S. (2014) A generalized empirical model of corruption, foreign direct investment and growth. Journal of Macroeconomics, 42: pp. 298-316.
5. Dzumashev, Ratbek (2014) Corruption and growth: the role of governance, public spending, and economic development. Economic Modelling, 37: pp.202-215.
6. Financial Times (2015) TeliaSonera set for Eurasia exodus in wake of corruption claims. September, 17. Retrieved at https://www.ft.com/content/846663e0-5d19-11e5-97e9-7f0bf5e7177b
7. Iqbal, Nasir and Daly, Vince (2014) Rent seeking opportunities and economic growth in transitional economies. Economic Modelling, 37: pp. 16-22.
8. Liao, Jianwen et al. (2003) Patterns of venturing financing: the case of Chinese entrepreneurs. The Journal of Entrepreneurial Finance, 8(2): pp. 55-69.
9. OECD (2015) Consequences of Corruption at the Sector Level and Implications for Economic Growth and Development. OECD Publishing, Paris. Retrieved from http://dx.doi.org/10.1787/9789264230781-en (accessed February 20, 2016)
10. Quah, Jon S.T. (2013) Curbing Corruption in Asian Countries: an Impossible Dream? ISEAS Publishing, Singapore.
11. Rose-Ackerman, S. (1999) Corruption and Government: Causes, Consequences, and Reform. Cambridge UP.
12. Rothstein, Bo (2013) Corruption and social trust: why the fish rots from the head down. Social Research, 80(4): pp. 1009-1026.
13. Saha, Shrabani and Gounder, Gounder (2013) Corruption and economic development nexus: variations across income levels in a non-linear framework. Economic Modelling, 31: pp. 70-79.
14. Spinesi, Luca (2009) Rent-seeking bureaucracies, inequality, and growth. Journal of Development Economics, 90: pp. 244-257.
15. Transparency International (2016) Corruption perception index. http://www.transparency.org/research/cpi/overview
16. Ugur, M. and N. Dasgupta (2011) Evidence on the economic growth impacts of corruption in low-income countries and beyond: a systematic review. London: EPPI-Centre, Social Science Research Unit, Institute of Education, University of London. Retrieved from http://r4d.dfid.gov.uk/PDF/Outputs/SystematicReviews/Corruption_impact_2011_Ugur_report.pdf (accessed February 20, 2016)
17. Wedeman, Andrew (2012) Double Paradox: Rapid Growth and Rising Corruption in China. Cornell UP, Ithaca and London.
18. World Bank (2004) The Costs of Corruption. April, 8. Retrieved at http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:21896686~pagePK:64257043~piPK:437376~theSitePK:4607,00.html (accessed February 25, 2016).
19. Zhou, Wubiao (2009) Bank financing in China’s Private Sector: the pay-offs of political capital. World Development, 37 (4): pp. 787-799. Retrieved from https://myweb.rollins.edu/tlairson/asiabus/chientrebank.pdf