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Full-Text Articles in Social and Behavioral Sciences
Corruption And Development: The Armenian Case, Phillip J. Bryson, Sevak Tsaturyan
Corruption And Development: The Armenian Case, Phillip J. Bryson, Sevak Tsaturyan
Faculty Publications
To determine the relationship between corruption and economic growth variables, we undertake a general analysis of those relationships for 39 countries over an eleven year period. Since the data on corruption specific to Armenia are insufficient for an econometric analysis, we undertake a case study of that country to illuminate the relationships determined by the empirical analysis. We find corruption to be a hindrance for overall economic performance, since there is a strong negative correlation between corruption indices and real per capita GDP. Regressing real Foreign Direct Investment on corruption, however, we found no strong relationship between the two. Nor …
Entrepreneurship: The Engine Of Growth. Minniti, Maria, Andrew Zacharakis, Stephen Spinelli, And Mark P. Rice. (Eds.). Westport, Ct.: Praeger Publishers, 2007, 768 Pp., Us $300.00, Isbn 0275989860., Leticia Camacho
Faculty Publications
Existing literature demonstrates that there is a close link between entrepreneurship and economic growth, primarily because new businesses contribute to employment creation. According to U.S. Census data, small businesses employ up to 50% of the private work force and generate 60% to 80% of the net new jobs each year. In a time where countries face multiple economic challenges, entrepreneurs could play a significant role in the economic growth of a country, a state, or a city.