World economy and international economic relations

Integrated assessment of the corruption level in the world

Economic Annals-XXI

Economic Annals-ХХI: Volume 191, Issue 7-8(1), Pages: 4-15

Citation information:
Panasenko, N., Myrna, O., & Svitlychna, A. (2021). Integrated assessment of the corruption level in the world. Economic Annals-XXI, 191(7-8(1)), 4-15. doi: https://doi.org/10.21003/ea.V191-01

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Nataliia Panasenko
PhD (Economics),
Associate Professor,
Poltava State Agrarian Academy
1/3 Skovoroda Str., Poltava, 36003, Ukraine
nataliia.panasenko@pdaa.edu.ua
ORCID ID:
https://orcid.org/0000-0002-5189-9410

Olha Myrna
PhD (Economics),
Associate Professor,
Poltava State Agrarian Academy
1/3 Skovoroda Str., Poltava, 36003, Ukraine
olga.myrna@pdaa.edu.ua
ORCID ID:
https://orcid.org/0000-0003-3252-3319

Alla Svitlychna
PhD (Economics),
Associate Professor,
Poltava State Agrarian Academy
1/3 Skovoroda Str., Poltava, 36003, Ukraine
alla.svitlychna@pdaa.edu.ua
ORCID ID:
https://orcid.org/0000-0003-3674-5787

Integrated assessment of the corruption level in the world

Abstract. The methodology of assessing the level of corruptibility of the society occupies an important place in the strategic programs of anti-corruption activities. The obtained rating indicators reflect the dynamics of corruption in the country, and the change of the state’s position in the ranking show the efficiency of anti-corruption policy. Since the data of obtained ratings differ significantly, the urgent scientific problem is to combine them in a single integral assessment. The authors have developed a methodology of integral assessment of the level of corruption in the country and evaluated the influence of different social and economic factors on it. Integral assessment was carried out on the basis of initial indicators Corruption Perception Index, Index of Economic Freedom, World Government Indicator, Doing Business, Political Risk Services International Country Risk Guide. We have used the method of modified principal component to determine gross coefficients of the above indicators in the integral assessment. The following indicators were found to have a significant impact on the level of corruption: human development index, education index, GDP per capita, coefficient of human inequality, employment to population ratio, unemployment. A multi-factor model has been developed that makes it possible to evaluate the efficiency of anti-corruption measures taken.

Keywords: Integrated Assessment; Integrated Assessment of The Corruption Level; Rating Indices; Multicollinearity; Regression Equations

JEL Classification: C82; F29; К22

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V191-01

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Received 4.04.2021
Received in revised form 19.05.2021
Accepted 31.05.2021
Available online 10.08.2021

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