Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306160 
Year of Publication: 
2023
Citation: 
[Journal:] Journal of Money, Credit and Banking [ISSN:] 1538-4616 [Volume:] 56 [Issue:] 7 [Publisher:] Wiley [Place:] Hoboken, NJ [Year:] 2023 [Pages:] 1833-1860
Publisher: 
Wiley, Hoboken, NJ
Abstract: 
We examine the effect of corruption control on the volatility of economic growth using cross‐country data that cover 131 economies worldwide for the period 1985–2018. To estimate the growth volatility model, we employ the system generalized method‐of‐moments estimator for dynamic panel data, which addresses potential endogeneity concerns using internal instruments. Our results show that corruption control significantly reduces growth volatility. This effect is robust to controlling for other measures of institutional quality. Moreover, we find some evidence for an indirect impact of corruption control on growth volatility through its role in reinforcing the volatility‐dampening effect of financial development.
Subjects: 
corruption
growth volatility
financial development
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.