Comparative Analysis on the Impact of Corruption on Economic Growth and Financial Development -Focusing on Asia Pacific Countries-

서지정보

· 발행기관 : 한중사회과학학회
· 수록지 정보 : 한중사회과학연구 / 20권 / 3호 / 306 ~ 321페이지
· 저자명 : CHINZORIGT NARANTSETSEG, 고정오

초록

This study analyzed the correlation between corruption, per capita GDP, and financial development in 31 Asia-Pacific countries through the FMOLS model.
The data collection used in the empirical analysis was extracted from the World Bank, and panel data from 2002 to 2020 were used.
In the empirical analysis, a cointegration test was performed to prove the relationship between financial development (BM), economic growth (GDP), and corruption (COR), and it was confirmed that there is a long-term mutual influence between variables.
As a result of empirical analysis using the FMOLS model, it was found that corruption has a short-term effect on economic growth and financial development. Still, in the long-term, it hurts economic growth and financial development in developed countries, and economic growth in underdeveloped countries. It was found to have a (+) effect on development and financial development in the short term. However, the higher the Corruption Perception Index (CPI), the higher the long-term results could be that it did not promote economic growth.
Although the Corruption Perception Index (CPI) affects the overall financial development of advanced and underdeveloped countries in stages, variables also affect economic growth and financial development depending on the level of national development and economic capabilities of Asia-Pacific countries.

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