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economics in the real world

Corruption and economic growth

To what extent is economic growth damaged where there is corruption? Paul Turner of Loughborough University examines how real-world data may help our understanding

Table 1 Corruption perception index and economic variables

This article will look at the relationship between corruption, economic growth and standards of living. There is a widespread perception that dishonesty and corruption act as barriers to economic progress.

Transparency International (see www.transparency.org.uk) seeks to measure the extent of corruption across different countries by publishing a corruption perceptions index (CP index). This measures the perceived level of corruption in the public sector. It is scaled so that zero represents a very high degree of corruption and 100 corresponds to no corruption.

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Previous

The national living wage: economic consequences

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Working in economics: the skills of a professional practitioner

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