2024
Corruption and Human Development: Panel Data Analysis in Transition Economies
LINHARTOVÁ, Veronika and Milan Jan PŮČEKBasic information
Original name
Corruption and Human Development: Panel Data Analysis in Transition Economies
Authors
LINHARTOVÁ, Veronika (203 Czech Republic, guarantor, belonging to the institution) and Milan Jan PŮČEK (203 Czech Republic, belonging to the institution)
Edition
Montenegrin Journal of Economics, Economic Laboratory for Transition Research, 2024, 1800-5845
Other information
Language
English
Type of outcome
Article in a journal
Field of Study
50204 Business and management
Country of publisher
Montenegro
Confidentiality degree
is not subject to a state or trade secret
References:
Impact factor
Impact factor: 1.000
Organization unit
AMBIS University
UT WoS
001208306400008
EID Scopus
2-s2.0-85192205910
Keywords in English
Corruption;Human capital;Human development;transition economies;panel data
Tags
Changed: 12/2/2025 22:55, Bc. Olga Puldová
Abstract
In the original language
Human capital is currently referred to as the driving force of national economies. It includes all the knowledge, talents, skills, abilities, experience, intelligence, and training of the country's workforce. The governments of individual countries are fully aware of this and are trying to stimulate human capital and stimulate its development. Apart from the economic consequences of corruption, several social consequences of corruption have also been empirically proven. As a result of inefficient use of public budgets, resources are limited in healthcare, education, and culture, in short, areas proven to cultivate human capital. Despite that, many authors have studied the effect of corruption on various macroeconomic variables, but only a few studies have empirically investigated the relationship between corruption and human capital development. This article aims to analyze the effects of corruption on the development of human capital in transitional economies, which are often mentioned as problematic in the context of bureaucratic corruption. By analyzing panel data for the period 1996-2021, it was found that corruption affects the development of human capital in the transitive economies examined. Corruption also affects human development indirectly through the dimensions of "Knowledge" and "Standard of Living".