Articlehybrid2016

Does corruption ever help entrepreneurship?

299 citations0/0 files storedSmall Business Economics

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Corruption and Economic Development Entrepreneurship Studies and Influences Culture, Economy, and Development Studies

Abstract

The current literature contains mixed results regarding the impact of corruption on entrepreneurship and economic growth. In this paper, we examine a much larger set of countries and time periods to attempt to gain insights into this relationship. In particular, the central question is whether corruption can compensate for a bad business climate. Our results are clear; corruption hurts entrepreneurship. The impact is smaller, but remains negative, when business climates are bad. This is in contrast to previous literature that suggests corruption may increase entrepreneurship under a bad business climate. We find corruption never improves entrepreneurship; it simply hurts less when business climates are not conducive to growth in the first place.

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References

1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations 1998Initial conditions and moment restrictions in dynamic panel data models 1995Initial conditions and moment restrictions in dynamic panel data models 1995Corruption and Growth 1999The quality of government 2010The Worldwide Governance Indicators: Methodology and Analytical Issues 1995Understanding the small business sector 2000The causes of corruption: a cross-national study

Cited by

2018Infrastructure investments and entrepreneurial dynamism in the U.S.2019Renewable energy, trade performance and the conditional role of finance and institutional capacity in sub-Sahara African countries 2018Application of human resource management's universal model: An examination of people versus institutions as barriers of internationalization for SMEs in a small developing country 2020Using the “best‐fit” approach to investigate the effects of politico‐economic and social barriers on SMEs' internationalization in an emerging country context: Implications and future directions 2023Does democracy foster entrepreneurship?

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