TITLE:
The Complex Phenomenon of Corruption: An Empirical Analysis
AUTHORS:
Maria-Eleni Syrmali, George Sfakianakis, George Agiomirgianakis
KEYWORDS:
Corruption, Institutions, Governance, Economic Development
JOURNAL NAME:
Theoretical Economics Letters,
Vol.13 No.7,
December
28,
2023
ABSTRACT: Corruption is a complex social, economic and political phenomenon, which exists in all countries. The structural
characteristics of corruption differ between countries. The deeper roots of corruption depend on the individual
conditions of each country, whereas they can be detected in bureaucratic
tradition, economic development and social history, among others. At the policy
level, the associated reform measures are inadequate if they
are not supported by the appropriate institutional framework and good
governance practices. However, in case
policies that are applied in order to combat corruption fail, it evolves from occasional to endemic problems impeding
the efforts to limit corruption. In
addition, fragile institutional environments flourish the conditions
strengthening systemic corruption, which has penetrated into the value system
of societies.