Assessment of the impact of the level of corruption on the socio-economic development of the national economy: the case of russia

Sergey Shkiotov; Maksim Markin; Alina Scherbakova

ASSESSMENT OF THE IMPACT OF THE LEVEL OF CORRUPTION ON THE SOCIO-ECONOMIC DEVELOPMENT OF THE NATIONAL ECONOMY: THE CASE OF RUSSIA Assessment of the impact of the level of corruption on the socio-economic development of the national economy: the case of russia

АА Аа

Published in Theoretical economics · Issue 4 · Pages 82–89 · Rubric: YOUNG RESEARCHERS

Received: 03.04.2022 Accepted: 16.04.2022 Published: 30.04.2022

Authors

Sergey Shkiotov

ORCID

Maksim Markin

ORCID

Alina Scherbakova

Sergey Shkiotov

Academic degree: candidate of economic sciences

Science rang: docent

Yaroslavl State Technical University Associate Professor · Institut ekonomiki i menedzhmenta · Yaroslavl

ORCID

Maksim Markin

Yaroslavl State Technical University Russian Federation · Yaroslavl

ORCID

Alina Scherbakova

Yaroslavl State Technical University Yaroslavl

ABSTRACT

The scale of corruption in the Russian economy has reached such a level that it creates a direct threat to the national security of the country. It is this assessment that the level achieved by this phenomenon deserves today, the influence of which has an extremely negative impact on the implementation of the main functions of the state: ensuring security and justice. The study is devoted to assessing the impact of corruption on the dynamics of socio-economic indicators of the Russian economy in the long term (2012-2021). In this work, using the methods of economic and mathematical modeling, the hypothesis of the presence of an inverse statistically significant relationship between the level of perception of corruption and the value of GDP per capita, GDP, foreign direct investment in the economy, the Human Development Index, and the Economic Freedom Index is verified. As a result of the study, an average direct relationship (statistically inverse) was established between the level of perception of corruption and the value of GDP, as well as GDP per capita

KEYWORDS

corruption, socio-economic development, Russian economy, corruption perception index, correlation analysis.

Text

Text (PDF)

Read Download

1. Korrupciya v Rossii: vremya reshitel'nyh deystviy kratkiy analiz korrupcionnoy situacii v Rossii strany [Elektron. resurs]. – Rezhim dostupa: https://www.komitetgi.ru/analytics/472/?month=04&year=2022&id=472

2. Eksperty ocenili sredniy razmer otkatov pri goszakupkah [Elektron. resurs]. – Rezhim dostupa: https://www.rbc.ru/economics/20/12/2021/61bc5d059a794770833e7b51

3. Akkoyunlu, S., & Ramella, D. (2020). Corruption and economic development. Journal of Economic Development, 45(2), 63–94. https://doi.org/10.21113/iir.v2i1.164

4. Song, C. Q., Chang, C. P., & Gong, Q. (2021). Economic growth, corruption, and financial development: Global evidence. Economic Modelling, 94, 822–830. https://doi.org/10.1016/j.econmod.2020.02.022

5. Liu, Y., & Dong, F. (2020). Corruption, economic development and haze pollution: Evidence from 139 global countries. Sustainability (Switzerland), 12(9). https://doi.org/10.3390/SU12093523

6. Salvati, L., Rontos, K., & Vavouras, I. (2018). Corruption and development: A comparative approach to socioeconomic and political dimensions worldwide. Corvinus Journal of Sociology and Social Policy, 9(2), 179–200. https://doi.org/10.14267/CJSSP.2018.2.09

7. Kurniawan, Y., Ratnasari, R. T., & Mustika, H. (2020). The corruption and human development to the economic growth of OIC countries. Jurnal Ekonomi Dan Bisnis Islam (Journal of Islamic Economics and Business), 6(2), 189. https://doi.org/10.20473/jebis.v6i2.20472

8. Phan, N. H., & Nguyen, L. Q. T. (2020). FDI, corruption and development of public service sectors in ASEAN countries. Journal of Asian Finance, Economics and Business, 7(9), 241–249. https://doi.org/10.13106/JAFEB.2020.VOL7.NO9.241

9. Aidt, T. S. (2009). Corruption, institutions, and economic development. Oxford Review of Economic Policy, 25(2), 271–291. https://doi.org/10.1093/oxrep/grp012

10. Saha, S., Beladi, H., & Kar, S. (2021). Corruption control, shadow economy and income inequality: Evidence from Asia. Economic Systems, 45(2). https://doi.org/10.1016/j.ecosys.2020.100774

11. Chan, K. S., Dang, V. Q. T., & Li, T. (2019). The evolution of corruption and development in transitional economies: Evidence from China. Economic Modelling, 83, 346–363. https://doi.org/10.1016/j. econmod.2019.09.001

12. Alsagr, N., & van Hemmen, S. (2022). The asymmetric influence of corruption on financial development: fresh evidence from BRICS economies. Journal of Financial Crime, 29(2), 665–679. https://doi. org/10.1108/JFC-03-2021-0062