Neeman, Zvika; Paserman, M. Daniele; Simhon, Avi - In: Contributions to Economic Analysis & Policy 8 (2008) 1, pp. 2013-2013
We report an intriguing empirical observation. The relationship between corruption and output depends on the economy's degree of openness: in open economies, corruption and GNP per capita are strongly negatively correlated, but closed economies display no relationship at all. This stylized fact...