Theoretical and Applied Economics
No. 1 / 2017 (610), Spring
The evolution of corruption and its current state – A case study on Romania
The Bucharest University of Economic Studies, Romania
Raluca GEORGESCU
The Bucharest University of Economic Studies, Romania
Dumitru-Alexandru BODISLAV
The Bucharest University of Economic Studies, Romania
Abstract. This paper represents an overview of the corruption phenomenon that can take different forms depending on the actors involved: favouritism, fraud, nepotism, protection tax, embezzlement, influence peddling, bribery and extortion. No corruption would occur without the participation of companies, banks and governments which feeds and facilitate corruption through their actions. Companies pay bribes, neglect or refuses to disclose payments creating an environment conducive to misappropriation. Companies also exploit the gaps in laws for the poor but resource-rich countries to avoid taxes and depriving them of much needed income. Banks feed corruption by offering loans secured by properties with low transparency, thereby enabling money estrangement without citizens knowing this. More than that, banks have shown over time that they are willing to accept huge volumes of money from corrupt governments, officials or businessmen looking to draw income from the legitimate economy of the country without paying taxes. The model developed in this research paper represents a study created for the perception of the Romanian population regarding its awareness on corruption and national core values.
Contents
Bankruptcy prediction logit model developed on Romanian paired sample
The impact of financial risks on economic growth in EU-15
Unemployment convergence analysis for Nordic countries: Evidence from linear and nonlinear unit root tests
Inflation targeting and volatility: Panel evidence
Economic structure of educational process and its implications for the higher education reform
Sustainability of social security systems in EU countries: Panel cointegration analysis with multiple structural breaks under cross-sectional dependence
The evolution of corruption and its current state – A case study on Romania
Exports in the European Union sub-models. Determinants and performances
Growth and distribution of microfinance in India: A panel data analysis
Human capital and collegiality in academic beehives: Theory and analysis of European Economics faculties
An empirical assessment of fiscal sustainability for selected South Asian economies
The determinants of stock prices: Evidence from the Turkish banking sector
Job complexity and wage bargaining
Macroeconomic models used in structural analysis of GDP
On the life and death of distance
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Performance management in the context of globalization
Financial development, trade openness and economic growth in MENA countries: TYDL panel causality approach
The vulnerabilities of the gas supply system of the Republic of Moldova in the context of its energetic security
A formal look at the negative interbank rate
Informatic system for identifying and evaluation of the environmental aspects and waste products management
Regulation versus regulated monopolization of a Cournot oligopoly with unknown cost
Banking Union framework and the stability of the European Banking sector