Corruption, Investment and Economic Growth in Developing Countries: A Panel Smooth Transition Regression Approach

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Title	Corruption, Investment and Economic Growth in Developing Countries: A Panel Smooth Transition Regression Approach
Authors	Nguedie, Y.H.N.
ORCID
Keywords	зростання рост growth інвестиції инвестиции investment корупція коррупция corruption плавна поступова регресія гладкая пороговая регрессия панели panel smooth threshold regression
Type	Article
Date of Issue	2018
URI	http://essuir.sumdu.edu.ua/handle/123456789/68115
Publisher	Sumy State University
License	Copyright not evaluated
Citation	Nguedie, Y.H.N. (2018). Corruption, Investment and Economic Growth in Developing Countries: A Panel Smooth Transition Regression Approach. SocioEconomic Challenges, 2(1), 63-68. DOI: 10.21272/sec.2(1).63-68.2018
Abstract	This article analyzes for a sample of 110 countries between 2006-2016, the relationship between cor-ruption, investment and growth. Using the Panel Smooth Transition Regression (PSTR), results show that there is a non-linearity between growth and investment which depends on the level of corruption, characterized by a smooth transition between the two extreme regimes. More precisely, the results ob-tained suggest that the sensitivity of growth to investment is higher in countries with a low degree of corruption. By elsewhere we also find a positive direct impact of the corruption on growth.
Appears in Collections:	SocioEconomic Challenges (SEC)