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CAPITALISM: ITS VARIETIES AND RELATIONSHIP WITH THE CORRUPTION PERCEPTIONS INDEX

Ekonomika

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Field Value
 
Title CAPITALISM: ITS VARIETIES AND RELATIONSHIP WITH THE CORRUPTION PERCEPTIONS INDEX
 
Creator Šečkutė, Vaiva
Giedraitis, Vincentas R.
Rastenienė, Aušra
 
Subject —
varieties of capitalism, corruption, business regulation, economic policy, taxes
—
 
Description Given the current economic crisis and increasing competition both for foreign investment and in international markets, we think that this economic analysis is timely and useful as the corruption level is a significant factor in the investment decision-making process. In this article, we investigate whether different types of economic regulation (different types of capitalism) might be fostering corruption. We think that countries with the liberal market economics system might have a lower corruption. We use the theoretical approach of Hall, Soskice (2001) to the varieties of capitalism to analyse countries’ competitiveness according to the competitiveness indices of the World Economic Forum (WEF) and the International Institute for Development Management (IMD). We use the Knell and Srholec (2005) methodology to calculate the index of coordination that determines a country’s type of capitalism. The index consists of 9 variables which are later divided into 3 groups according to the factor analysis results. For the corruption estimate, we use the Transparency International corruption perceptions index. Regression analysis revealed that coordinated market economies (CME) are more conducive for corruption.
 
Publisher Vilniaus universiteto Ekonomikos fakultetas / Vilnius University Faculty of Economics
 
Contributor —
 
Date 2014-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.zurnalai.vu.lt/ekonomika/article/view/3885
10.15388/Ekon.2014.0.3885
 
Source Ekonomika; Ekonomika 2014 93(3)
1392-1258
1392-1258
 
Language lit
 
Relation http://www.zurnalai.vu.lt/ekonomika/article/view/3885/2697