As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
Short-run and Long-run Effects of Corruption on Economic Growth: Evidence from State-Level Cross-Section Data for the United States
The authors measure the rate of economic growth for various time spans using previously uninvestigated state-level cross-section data for the United States. The two-stage least square (2SLS) estimates with a carefully selected set of instruments show that the effect of corruption on economic growth is indeed negative and statistically significant in the middle and long spans but insignificant in the short span.
Link
http://www.e.u-tokyo.ac.jp/cirje/research/dp/2005/2005cf348.pdf