The Influence Of Corruption On Economic Growth From Investment Perspective

The impact of corruption on economic growth has always been a hot issue.Due to the severe corruption situation in China,this problem has attracted much attention.However,is corruption a promotion of economic growth or a hindrance to economic growth?There are great differences showing in the research results about this problem.Besides,in which way corruption affects economic growth is one of the hotspots of research on corruption in recent years.Related researches show that corruption can affect economic growth by affecting many investment activities,including private investment and foreign direct investment.Corruption can indirectly affect economic growth by influencing investment.It is of great significance to study how corruption affects investment and how to further influence economic growth through investment.Chapter 1 introduces the research background and the significance of topics.Chapter 2 reviews the existing researches on the definition,measurement,the relationship of corruption and economic growth of corruption in the academia and the related research results of corruption affecting economic growth through investment.Chapter 3 constructs empirical model to describe the relevant variables.Chapter 4 empirically analyzes the impact of corruption on investment and then on economic growth.By using the provincial data from 2001 to 2015 to empirically test,this paper finds that corruption can reduce investors' enthusiasm and weaken the increase in the scale of investment and the increase in the level of corruption by 1 percentage point can reduce the growth rate of investment by about 0.2 percentage point.At the same time,corruption can reduce the contribution of investment to economic growth,and thus have a negative impact on economic growth.The results of robustness tests indicate that this paper The empirical results are robust.In Chapter 5,based on the foregoing conclusions,the policy recommendations on anti-corruption to promote economic growth are specifically proposed.