ASSESSING THE IMPACT OF CORRUPTION UPON THE ROMANIAN ECONOMY

This paper is dedicated to estimating the influence of corruption upon Romania"™s economic growth by means of an econometric model ARMA component. In order to quantify the impact, firstly some indicators have been identified to properly assess the economic condition and corruption. The most important economic growth indicator is real GDP growth rate (or chain index of real GDP). In order to estimate the level of corruption, the authors have used the Corruption Perceptions Index, annually launched and calculated by Transparency International. The model chosen for this paper has an ARMA component and expresses the dependence of the economic variable on the corruption variable by a straight-line relationship. The model shows that one of the factors having a significant negative impact upon the economic growth is corruption.