02616cas a2200337 a 4500 AALejournalIMF022353 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513588889 1018-5941 BD-DhAAL BD-DhAAL Cao, Yongquan. A Sentiment-Enhanced Corruption Perception Index / Yongquan Cao, Yingjie Fan, Sandile Hlatshwayo, Monica Petrescu. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Direct measurement of corruption is difficult due to its hidden nature, and measuring the perceptions of corruption via survey-based methods is often used as an alternative. This paper constructs a new non-survey based perceptions index for 111 countries by applying sentiment analysis to Financial Times articles over 2005-18. This sentiment-enhanced corruption perception index (SECPI) captures not only the frequncy of corruption related articles, but also the articles' sentiment towards corruption. This index, while correlated with existing corruption perception indexes, offers some distinct advantages, including heightened sensitivity to current events (e.g., corruption investigations and elections), availability at a higher frequency, and lower costs to update. The SECPI is negatively correlated with business environment and institutional quality. Increases in the perceived incidence or scope of corruption influences economic agents' behaviors, and thus economic dynamics. We found that when the SECPI is at least one standard deviation above the mean, the growth per capita falls by 0.65 percentage point on average, with more pronounced impacts for emerging market and low income countries. Mode of access: Internet Administrative Processes in Public Organizations imf Bureaucracy imf Classification Methods imf Corruption imf Institutions and the Macroeconomy imf Fan, Yingjie. Hlatshwayo, Sandile. Petrescu, Monica. IMF Working Papers; Working Paper ; No. 2021/192 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/192/001.2021.issue-192-en.xml IMF e-Library