The Corruption Influence on the Macroeconomic Environment. Empirical Analysis on Countries Development Stages

The purpose of this paper is to analyze the influence of corruption on the level of macroeconomic environment. We also investigate, reasoning in the opposite way, if in its turn, corruption is influenced by the level of macroeconomic environment development and to reveal that the relation between these two variables is a circular one, meaning that both impact each other. The analysis is performed on a series of countries grouped in three stages of development and confirms a positive correlation between the two variables, meaning that on average, corruption is related with the levels of development of the macroeconomic environment.