The Baltic Region

2011 Issue №4(10)

Back to the list Download an article

Does corruption influence the sustainability of economic growth?



Sustainable development is a term that is widely used by politicians nowadays. The definition of the concept of sustainable development is constantly revised. Sustainable development is about promoting an integrated approach. It includes economic, social and environmental objectives. Economic objectives include growth, efficiency and stability. The main purpose of the article is to analyze the influences of corruption on sustainable economic growth. The impact is decreasing continuously and the main reason behind this is the change in peoples’ attitude and saturation to ethically questionable actions. Individuals and organizations can join in sharing resources for creating a sustainable future. There are several factors that influence sustainable development. Among them are: government policies; management and organization; financial and economic factors. The main question for institutional sustainability may be formulated as the following: can the strengthened institutional structure continue to deliver the results of technical cooperation to the ultimate end-users? Individuals and organizations can join in sharing resources for creating a sustainable future. Anticorruption strategies are related to the reform of state institutions. One advantage of the fundamental economic reform approach is that by linking anticorruption strategies to the reform of economic policies and institutions, the struggle against corruption can be seen as one of the issues in economic policy. Finally, all development assistance should be implemented with the aim of achieving sustainable benefits.


1. Acemoglu, D. J. 2001, The Colocial Origins of Comparative Development, The American Economic Review, Vol. 91 (5), p. 1369—1401.
2. Anderberg, D. 2003, Insiders, Outsiders, and the Underground Economy.
ESifo, Working Paper Center for Economic Studies and Ifo Institute for Economic Research, no. 1048, University of London.
3.Bruszt, L. 2000, Constituting Markets: The Case of Russia and Check Republic.In: Dobry, M. (eds), Democratic and Capitalist Transitions in Eastern Europe, Kluwer Academic Publishers.
4. Drazen, A. 2000, Political Economy in Macroeconomics, Princeton, Princeton University Press.
5. Economic expert, available at: (accessed 05 September 2011).
6. Gagliardi, F. 2008, Institutions and economic change: A critical survey of the new institu-tional approaches and empirical evidence, The Journal of Socio-Economics, Vol. 37(1), p. 416—430.
7. Hargroves, K., Smith M. (ed). 2005, The Natural Advantage of Nations:
Business Opportunities, Innovation and Governance in the 21st Century.
8. Lackol,M. 2006, Tax Rates with Corruption: Labour-market Effects, Discussion papers MT-DP — 2006/4, 1—40, Institute of Economics, Hungarian Academy of Sciences Budapesht, 2006.
9. Lambsdorff, J. Graf and M. Nell, 2006, Corruption: Where we stand and
where to go: The Corruption Monster. In: Kreutner, M. (eds.), Ehik, Politik und Korruptio, Vienna, p. 57—70.
10. Mauro, P. 2002, The persistence of corruption and slow economic growth, IMF Working Paper, no. 02/213, Washington: International Monetary Fund.
11. Parkin, M. 2008. Economics, 8th Edition, Boston, Pearson Addition-Wesley.
12. Persson, T., Tabellini, G. 2000, Political Economy: Explaining Economic
Policy, Cambridbe, MA: MIT Press.
13. Rajan, R. G.; Zingales, L. 2003, The Road to Prosperity: Saving Capitalism from Capitalists, Transition, Vol. 14, no. 7—9, p. 1—3.
14. Rosser, J.; Barkley, Jr. and Rosser, M. V. 2007, A critique of the new comparative economics, Review of Austrian Economics, in press.