Halkos, George Emm; Tzeremes, Nickolaos - In: Global Economic Review 39 (2010) 4, pp. 441-454
This paper investigates empirically the effect of corruption on countries' economic efficiency. By using a sample of 79 countries for the time period 2000-2006 the paper applies DEA window analysis and econometric panel data techniques. The results reveal that there is a U-shaped relationship...