Corruption increases inequality in the society (Gupta et al, 1998) by reducing economic growth, biasing the tax system … and Agarwhal (2002) argue that democracy first increases corruption due to the newly introduced freedom and rights, and … then as democracy grows corruption decreases. The purpose of this paper is to examine the relationship between inequality …

study this uncertainty within a stochastic dynamic growth model framework, where we generalize the corruption caused … uncertainty as a shock to disposable income of agents. Consequently, corruption creates two adverse effects in the economy: higher …

Recent empirical studies find that the direct effect of corruption on growth is statistically insignificant. However …, there exists a discrepancy between these results and the intuition that corruption reduces over-all productivity, because … issue and offers a new perspective on growth effects of corruption and shows that direct and indirect growth effects of …

This paper investigates a possible impact of education corruption on economic growth in Russia. It argues that high … levels of education corruption may harm total factor productivity in the long run, primarily through lowering the level of … reduce education corruption in the short run, but can eventually lead to implementation of higher ethical standards in the …

Corruption in the public sector erodes tax compliance and leads to higher tax evasion. Moreover, corrupt public … tape and corruption deteriorate the growth potential through income redistribution and public sector inefficiencies. Most … importantly, it is demonstrated that the increase in corruption via higher uncertainty exerts adverse effects on capital …