Can Rent-Seeking Behavior and Corruption Impact the Economic Wealth of European Union Member States?
Corruption and rent-seeking are widespread issues affecting economies regardless of their European Union (EU) membership or development level. This study aims to empirically analyze how these behaviors influence the economic performance of EU member states using also governance quality indicators...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Ovidius University Press
2025-02-01
|
| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%205/1.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Corruption and rent-seeking are widespread issues affecting economies regardless of their
European Union (EU) membership or development level. This study aims to empirically analyze how
these behaviors influence the economic performance of EU member states using also governance
quality indicators and a panel data regression model, thereby enhancing the understanding of the
relationship between corruption, governance quality, and economic wealth within the EU. The
period of study is from 2000 to 2019. The regression analysis indicates a negative relationship
between higher levels of corruption and economic wealth across all examined countries,
demonstrating that increased corruption leads to a decline in economic growth and prosperity. For
all EU states, the governance quality variables do not appear to have an impact on economic wealth.
Comprehensive reforms and a stronger anti-corruption effort in the public sector are urgently needed
in developing countries to enhance accountability, transparency, and sustainable economic
development. |
|---|---|
| ISSN: | 2393-3127 |