Edith Cowan University
Faculty of Business and Law
School of Business / Finance, Economics, Markets and Accounting Research Centre
Given the clandestine nature, corruption is intrinsically a complex phenomenon and hard to measure. This paper examines whether Transparency International's corruption perception index converges towards consensus over time? Furthermore, we estimate the speed of adjustment towards general agreement. The results indicate differences in the degree of concordance, i.e. high level of agreement for the mostlyclean and most-corrupt countries but disagreement remains high for the mediumcorrupt countries. The speed of converge is high for the most-corrupt and mostlyclean countries and a decline for the medium corrupt countries.