Abstract
This article studies from a sample of 110 countries between 2006 and 2016, the relationship between Corruption, investment and growth. Using the Panel Smooth Transition Regression (PSTR), we show that there is a non-linearity between growth and investment versus corruption, characterized by a smooth transition between the two extreme regimes. More precisely, the results obtained suggest that the sensitivity of growth to investment is higher in countries with a low degree of corruption. By elsewhere we also find a positive direct impact of the corruption on growth.
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