Towards the Quest to Reduce Corruption in BRICS Nation: Is There a Synergy Between Corruption and Economic Growth?

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dc.authoridBekun, Festus Victor/0000-0003-4948-6905
dc.authoridJENA, PABITRA KUMAR/0000-0002-7746-0916
dc.authoridkesar, Ashmita/0000-0002-0621-0768
dc.contributor.authorKesar, Ashmita
dc.contributor.authorJena, Pabitra Kumar
dc.contributor.authorKamaiah, Bandi
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorDehury, Tania
dc.date.accessioned2024-09-11T19:50:44Z
dc.date.available2024-09-11T19:50:44Z
dc.date.issued2024
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis study scrutinizes the impact of corruption on the economic growth of five emerging countries, namely Brazil, Russia, India, China, and South Africa (BRICS), over the period 1996-2020. The study has employed panel quantile regression and the two-stage least square regression technique. Empirical results of the study confirm that control of corruption, population, political stability, and gross capital formation shows a positive impact on economic growth, whereas the impact of trade openness and government spending on economic growth is insignificant. Therefore, according to the current study, regulations must be strengthened to manage corruption better, i.e., there is a need to strengthen institutional apparatus in the study area, which will encourage economic development. Additionally, BRICS economies' officials need to pursue policies that will expand with more investment and, ultimately, investment spending, which will increase after corruption is effectively controlled. This proposition is in line with the Keynesian school of thought.en_US
dc.identifier.doi10.1007/s13132-024-01857-5
dc.identifier.issn1868-7865
dc.identifier.issn1868-7873
dc.identifier.scopus2-s2.0-85186192898en_US
dc.identifier.urihttps://doi.org/10.1007/s13132-024-01857-5
dc.identifier.urihttps://hdl.handle.net/11363/7648
dc.identifier.wosWOS:001171314100001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofJournal of The Knowledge Economyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectEconomic growthen_US
dc.subjectControl of corruptionen_US
dc.subject2SLSen_US
dc.subjectInstitutionen_US
dc.subjectBRICS nations and quantile regressionen_US
dc.subjectO43en_US
dc.subjectF35en_US
dc.titleTowards the Quest to Reduce Corruption in BRICS Nation: Is There a Synergy Between Corruption and Economic Growth?en_US
dc.typeArticleen_US

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