Brigham Young University BYU ScholarsArchive Faculty Publications 2009-01-01 Corruption and Development: The Armenian Case Phillip J. Bryson
[email protected] Sevak Tsaturyan Follow this and additional works at: https://scholarsarchive.byu.edu/facpub Part of the Economics Commons BYU ScholarsArchive Citation Bryson, Phillip J. and Tsaturyan, Sevak, "Corruption and Development: The Armenian Case" (2009). Faculty Publications. 148. https://scholarsarchive.byu.edu/facpub/148 This Peer-Reviewed Article is brought to you for free and open access by BYU ScholarsArchive. It has been accepted for inclusion in Faculty Publications by an authorized administrator of BYU ScholarsArchive. For more information, please contact
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[email protected]. Corruption and Development: The Armenian Case Sevak Tsaturyan and Phillip J. Bryson Brigham Young University Contact Information Phillip J. Bryson Douglas and Effie Driggs Professor of Economics Marriott School Brigham Young University Provo, Utah 84602 Tel. 801 422-2526
[email protected] Abstract To determine the relationship between corruption and economic growth variables, we first undertake a general analysis of those relationships for 39 countries over an eleven year period. Since the data on corruption specific to Armenia are insufficient for an econometric analysis, we undertake a case study of that country to illuminate the relationships determined by the empirical analysis. We find corruption to be a hindrance for overall economic performance, since there is a strong negative correlation between corruption indices and real per capita GDP. Regressing real Foreign Direct Investment on corruption, however, we found no strong relationship between the two. Nor is there evidence that high levels of corruption limit international trade.