Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/320184 
Year of Publication: 
2023
Citation: 
[Journal:] The European Journal of Comparative Economics (EJCE) [ISSN:] 1824-2979 [Volume:] 20 [Issue:] 1 [Year:] 2023 [Pages:] 3-37
Publisher: 
University Carlo Cattaneo (LIUC), Castellanza
Abstract: 
This study uses panel Granger causality and cointegration tests to examine the relationship between income per capita and control of corruption in the Eurozone. The analysis covers the entire Eurozone and subgroups of countries from 2002 to 2021. The results show that there is not a bidirectional predictive causal relationship between growth and the increase of control of corruption in the Eurozone. The Great Recession has had a significant impact on the relationship between control of corruption and income per capita, leading to a disconnection between the two variables after 2008, except for Eastern countries. A cointegrated relationship between these variables is found in Estonia, Latvia, Lithuania, Slovakia, and Slovenia. Policymakers need to tailor anti-corruption measures to the specific institutional contexts of each country in the Eurozone.
Subjects: 
Corruption
Eurozone
Income
Panel cointegration
Panel granger causality
JEL: 
P00
F00
P16
P48
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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