This is a note on corruption and underground economy in a Kaldor-type model of the business cycle. It appears that when …

prices. The evidence offers a glimpse of quite explicit micro-level evidence on various types of behavior and corruption that …

dysfunction as a result of action of institutional factors, in particular, corruption as an informal negative institute. The … the level of perceptible corruption. This suggests that democracy facilitates dispersion of responsibility and alienation …

in Djibouti by both the macroeconomic and microeconomic analysis. The review shows that institutional habits (corruption …

If corrupt bureaucrats target registered firms, then corruption may discourage registration. Using data from a survey … of 4,801 microenterprises in Zambia, this paper looks at whether corruption is a more or less serious problem for … about corruption than unregistered firms. This suggests that remaining informal and out-of-sight might reduce the burden of …

corruption in the distribution of formal credit. The existing moneylender, the bank official and the new moneylenders move …

The paper presents a theoretical model with bureaucratic corruption where bribe income can leak out of an economy. In … for entrepreneurship by maximizing the welfare of the economy. We show that the corruption persists at the equilibrium … in low prosperity economies the control of leakage may induce higher level of corruption, while the opposite is true in …