Article
Business Growth and Corruption: An Analysis for the Manufacturing Colombian Industry during the period 2000-2011
Journal of Quantitative Methods for Economics and Business Administration
(2015)
Abstract
This paper shows the relationship between business growth and private corruption in the manufacturing industry in Colombia. This study investigates the dynamics of these variables using various techniques by implementing empirical models: the panel data estimates, model and dynamic panel data. The technique of panel data is implemented to estimate growth in the manufacturing business as decision variables using capital, employment and entrepreneurship, also evaluates the performance of the different interactions and thechanges caused in business growth in the sectors that make up the industry to identify trends. The analysis of dynamic panel data is performed to determine the variables that affect business growth. The model estimates with panel data show that the selected variables to calculate business growth fit with the theoretical framework proposed in this research. The model applied dynamic panel data reveals that in manufacturing higher levels of private corruption have an impact on business growth, overall trends show that corruption, its effects over time and incidence rates in the industry, affected negative business growth of each sector analyzed during the period from the year 2000 to 2011.
Keywords
- Bussines Growth,
- Corporate Social Responsibility,
- Corruption,
- Manufacturing Sector,
- Productivity
Disciplines
Publication Date
Summer June 15, 2015
Citation Information
Alexander Cotte Poveda and Mónica Lancheros Acosta. "Business Growth and Corruption: An Analysis for the Manufacturing Colombian Industry during the period 2000-2011" Journal of Quantitative Methods for Economics and Business Administration Vol. 19 Iss. 2 (2015) p. 24 - 41 ISSN: 1886-516 X Available at: http://works.bepress.com/alexandercottepoveda/21/