Insurance Business Weekly
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Economics and Finance
Studies from Southern Illinois University describe new findings in economics and finance
May 23rd, 2010
"While the existing studies focus on the corruption-growth relationship, this paper introduces a new focus involving corruption and growth volatility. The Ehrlich-Lui (1999) framework provides the theoretical background of the paper, which produces testable hypotheses regarding the corruption-growth and the corruption-growth volatility relationship," investigators in the United States report.
"The cross-section dataset that is used in the empirical analysis contains 121 developed and developing countries. In terms of the relationship between the governance-related variables and growth rates, only corruption control and government effectiveness significantly and adversely...
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Source: Insurance Business Weekly (2010-05-23)