Corruption and economic efficiency: Panel data evidence. Global Economic Review 39(4): 441-454 (2010). In common with N. Tzeremes
Corruption and economic efficiency: Panel data evidence. Global Economic Review 39(4): 441-454. (SCOPUS, EconLit, ISI Listed. Impact factor: 0.386 and 5-year: 0.412). In common with N. Tzeremes (2010).
This paper investigates empirically the effect of corruption on countries’ economic efficiency. By using a sample of 79 countries for the time period of 2000-2006 the paper employs DEA window analysis and econometric panel techniques. The results reveal that there is a U-shape relationship between countries’ corruption perception levels and economic efficiency. Finally, the turning point for the advanced economies is much smaller compared to the one of emerging and developing economies indicating (indirectly) the absence of institutions of emerging and developing economies. Given the fact that corruption–economic efficiency relationship interrelates to countries’ institutional levels; it appears that corruption has a negative effect on countries’ economic efficiency.