Abstract
The Impact of Corruption on Economic Growth Through Corruption Transmission Channels for the Bsec Countries
Corruption is a common problem of developing, developed and underdeveloped
countries. The relationship between corruption and economic growth may occur both
directly and through corruption transmission channels. In this research using Panel
Data Analysis, besides the direct impact of corruption on economic growth, the impact
of corruption through human capital and investment channels that are accepted in the
literature, has been analysed with the data of 11 member countries of the Black Sea
Economic Cooperation BSEC between 2003-2017. As a result of the analysis, it is seen
that besides the direct impact of corruption negative effect on economic growth, corruption
also affects the economic growth through investment, channel. On the other hand, since
there is no significant relationship between human capital and economic growth, it is
concluded that the human capital variable does not act as a corruption transmission
channel fort he BSEC countries.
Keywords
Corruption, Corruption Transmission Channels, Investment, Human Capital, Economic Growth, Panel Data
