TITLE:
Corruption Perception Index (CPI), as an Index of Economic Growth for European Countries
AUTHORS:
Papageorgiou Christos, Kalamara Eleni, Komninos Dimitrios, Dermatis Zacharias, Anastasiou Athanasios, Liargovas Panagiotis
KEYWORDS:
Corruption, Corruption Index, Economic Growth, GDP Per Capita, Per Capita GDP Growth Rate, European Countries
JOURNAL NAME:
Theoretical Economics Letters,
Vol.8 No.3,
February
14,
2018
ABSTRACT: Corruption is a political, economic, cultural and
moral problem and it is considered as a universal phenomenon that exists in all
developed and developing countries, in public and private sectors, as well as
in non-profit and charity organizations. The aim of this study is to
investigate the phenomenon of corruption in relation to the economic
development and growth in European countries in general and specifically in the
European Economic Area, the European Union, the Euro-zone and the non-European
Union countries in Central and Eastern Europe, including Turkey. Our objective
is specifically the examination of the relationship between corruption and per
capita GDP, and between changes in corruption and per capita GDP growth rate.
The survey shows that there is a strong inverse relationship between the level
of corruption and the per capita GDP of almost all European countries, with the
exception the non-European Union countries in the Central and Eastern Europe,
including Turkey. Additionally, there is a positive linear relationship between
the per capita GDP growth rate and the reduction in corruption levels for all
categories of European countries.