Influence of corruption practices on political and institutional development indicators of modern economic systems

Authors

DOI:

https://doi.org/10.15587/2312-8372.2014.27925

Keywords:

corruption level, new welfare measures, modern economic systems

Abstract

The closeness of the relationship between the corruption level and certain political and institutional development indicators of economic systems was analyzed in the paper. The urgency is caused by the fact that the information regarding the closeness of the relationship between the corruption level and range of political and institutional development indicators is sometimes controversial.

To answer this question, international indices, which are systematically presented under the auspices of authoritative non-governmental organizations were used as indicators. Thus, the corruption level is represented by Corruption Perception Index (CPI) on the one hand. On the other hand, to compare with the CPI category, a list of new indicators that reflect the dynamics of certain phenomena and processes, the condition of which, as mentioned in a number of scientific papers has some connection with the corruption level in the country was compiled.

As follows from the analysis, corruption has the greatest relationship with indicators that characterize property rights, innovation development, investment climate. A weak relationship is observed with labor freedom, tax and monetary freedom indicators, government expenditure level. Based on the foregoing, it can be assumed that the effective tools to overcome corruption is ensuring property rights protection, favorable investment climate, innovative economic development, civil institution development and strengthening the control over and responsibility for corruption crimes.

Author Biography

Юрій Петрович Івашук, Research institute of innovative development and state, 46020, Ternopil, st. Lviv 5a

Junior research fellow

References

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Published

2014-10-02

How to Cite

Івашук, Ю. П. (2014). Influence of corruption practices on political and institutional development indicators of modern economic systems. Technology Audit and Production Reserves, 5(3(19), 63–66. https://doi.org/10.15587/2312-8372.2014.27925

Issue

Vol. 5 No. 3(19) (2014): Fundamental and applied researches: integration into the world scientometric databases

Section

Development of Productive Forces and Regional Economy: Original Research

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Copyright (c) 2016 Юрій Петрович Івашук

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