Impact of innovation on corruption
Corruption causes inefficiencies in the economic, social and political development. This study investigates the relationship between the level of innovation and the level of corruption in 131 countries. We employ a cross-sectional analysis and find that innovation is positively significant in redu...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2018
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| Online Access: | http://journalarticle.ukm.my/19637/1/jeko_521-18.pdf http://journalarticle.ukm.my/19637/ https://www.ukm.my/jem/issue/v52i1/ |
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| Institution: | Universiti Kebangsaan Malaysia |
| Language: | English |
| Summary: | Corruption causes inefficiencies in the economic, social and political development. This study investigates the relationship
between the level of innovation and the level of corruption in 131 countries. We employ a cross-sectional analysis and
find that innovation is positively significant in reducing corruption. Our finding suggests that innovation causes the
industries and private sectors to become less dependent on the favoritism from the public officials and authorities. They
are more encouraged to innovate to gain the competitive advantage and make real profits. We believe that innovation
increases the relative return on production and causes a decrease in corruption activities. Therefore, the government
and other relevant bodies should set up a policy to increase the level of innovation, as part of their strategy to indirectly
combat the problem of corruption. |
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