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Abstract: In order to investigate whether government regulations against corruption canaffect the economic growth of a country, we analyze the dependence betweenGross Domestic Product GDP per capita growth rates and changes in theCorruption Perceptions Index CPI. For the period 1999-2004 on average for allcountries in the world, we find that an increase of CPI by one unit leads to anincrease of the annual GDP per capita by 1.7 %. By regressing only Europeantransition countries, we find that $\Delta$CPI = 1 generates increase of theannual GDP per capita by 2.4 %. We also analyze the relation between foreigndirect investments received by different countries and CPI, and we find astatistically significant power-law functional dependence between foreigndirect investment per capita and the country corruption level measured by theCPI. We introduce a new measure to quantify the relative corruption betweencountries based on their respective wealth as measured by GDP per capita.



Autor: Boris Podobnik, Jia Shao, Djuro Njavro, Plamen Ch. Ivanov, H. Eugene Stanley

Fuente: https://arxiv.org/







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