This study analyses the effects of corruption on Vietnamese provinces and cities’ economic growth using a dynamic panel data analysis with a system generalized method of moments approach. Although this study investigates both the direct and indirect effects of corruption, it focuses more on the direct effects. The estimation results consistently support the assertion that, in general, corruption is detrimental to economic growth. Disaggregating this total effect, however, reveals more noteworthy issues in the Vietnamese context. Corruption directly impedes growth rates by reducing the efficiency of investments, and this effect is more intense in provinces and cities with higher investment rates. However, the adverse direct impact of corruption may be alleviated by its positive impact on investment rates, which is an unexpected finding.

中文翻译：

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腐败影响区域经济增长：针对越南的动态面板数据分析

本研究使用系统广义矩量法的动态面板数据分析来分析腐败对越南各省市经济增长的影响。尽管本研究调查了腐败的直接和间接影响，但它更多地关注了直接影响。估计结果一贯支持这样的说法，即腐败通常会损害经济增长。分解这种总体影响，就越南语而言，发现了更多值得注意的问题。腐败会通过降低投资效率直接阻碍增长率，而在投资率较高的省市，这种影响更加严重。但是，腐败对投资率的积极影响可能会减轻其不利的直接影响，这是一个出乎意料的发现。