Creating difficulties to sell facilities: corruption, bureaucracy and corporate growth in Mercosur
DOI:
https://doi.org/10.11606/issn.1982-6486.rco.2019.158324Keywords:
Bureaucracy, Corruption, Economic growth, Grease Theory on Wheels, MercosurAbstract
This research aims to investigate the synergy between the difficulty of conducting business and the perception of public sector corruption in the growth of companies, in the Mercosur countries. The sample consisted of 8 Mercosur member countries, between 2010 and 2017, with a total of 655 companies from several sectors and 4,648 observations. Based on the Wheel Grease Theory, the study took into account that corruption can favor the economic growth of companies as they untie bureaucracy and reduce the transactional costs of companies. The results found lead to the understanding that a greater synergy between the perception of corruption and the difficulty of doing business in Mercosur countries favors the economic growth of companies in those countries. The empirical evidence found adds new sparks to the argumentative construct in which the Grease Wheel Theory is based.
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