The goal of this paper is to propose a simple paradigm for understanding rent seeking and corruption in the growth … crime; industrial espionage; lobbying and policy influence; misgovernance, institutional inefficiency, tax evasion, etc. The … economy is shown to fall into a trap of high rent seeking/corruption and low growth. Agents' perceptions about the external …

predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …

theoretical framework that focus on the relationship between lobbying and corruption (that is, it investigates under what … conditions they are complements or substitutes). The paper also offers novel econometric evidence on lobbying, corruption and … influence using data for about 4000 firms in 25 transition countries. Our results show that (a) lobbying and corruption are …

Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature … associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one … suggest that (a) lobbying and corruption are fundamentally different, (b) political institutions play a major role in …

can countries get trapped in a bribing equilibrium forever? Corruption and lobbying are to some extent substitutes. By … lobby the government to change the rules in more developed ones? Should we expect an evolution from bribing to lobbying, or …) an equilibrium with corruption discourages firms to invest, (ii) firms bribe if the level of development is low, but (iii …