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- Title
ىسررب رثا صخاش شناد ىناينب داصتقا ري هطبار ىرد داف ىلام و دشر تفايهر(ىاههداد ىيولبات)ايود
- Authors
سهراب دلانگیزان; محمد شریف کریمی; زینب خلفند
- Abstract
Financial corruption affects on economy's health via different channels which the most important channel is distortions in the allocation of resources. On the other hand, the level of knowledge-based economy also can affect on behaviour of factors of production. An important question is whether the level of knowledgebased economy can affect the relationship between corruption and economic growth? This study investigates the effect of financial corruption on economic growth for 138 countries over the period 2000 - 2011 by using the consolidated corruption perception indicator, the level of knowledge based economy indicator and economic growth and a dynamic panel model which called Generalized method of moments (GMM). The results of classification of countries show that, in the groups with high knowledge-based economy indicator, control of financial corruption has positive impact on economic growth but in the groups with moderate knowledge-based economy indicator, control of corruption, has negative impact on economic growth. Also, the results show that in the first group of countries, stability of corruption control policies has a positive impact on economic growth but in the second group of countries, it has a negative effect.
- Subjects
GENERALIZED method of moments; ECONOMIC indicators; ECONOMIC expansion; FACTORS of production; ECONOMIC impact; INFORMATION economy
- Publication
Quarterly Journal of Economic Growth & Development Research, 2014, Issue 15, p87
- ISSN
2228-5954
- Publication type
Article