Problem optymalnego poziomu korupcji na przykładzie wybranych państw Europy
The Problem of the Optimal Level of Corruption Based on Selected Countries in Europe

Summary/Abstract: The issue of the impact of corruption on the functioning of the economy is undeniably confirmed in the literature. Negotiations are under consideration on the characteristics of this relationship, or corruption conducive to economic growth, or maybe it inhibits. This paper examines the possibility of a non-zero level of corruption, which optimize size GDP pc and investments in gross fixed capital formation. Analysis of the literature indicated the possibility of such a magnitude of corruption. However, so far there have been no econometric analysis of this issue. Based on panel data for 14 European countries conducted a statistical analysis. Econometric studies have confirmed that the amount of corruption that optimizes investments ranges from 72.5 points to 76.5 points the index of perception of corruption. And the models describing the influence of corruption on GDP pc showed the optimum value of the index of corruption at the level of 62.6 points and 68.2 points. These results should be confirmed in subsequent studies.

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