capital, as is common in the literature. In equilibrium, the effect of anti-corruption penalties on the economy’s capital …/stabilization packages and optimal policy design. This paper aims at developing a framework in which to assess an economy’s response to … alternative stabilization/reform packages as a function of the scope of corruption activities. The framework developed herein is a …

Paper discusses the factors that contribute to the spread of corruption as well as the implications of corruption for … markets and for public sector activities. It is argued that corruption can be contained mainly by a scaling down of the public …

There is increasing recognition that corruption has substantial, adverse effects on economic growth. But if the costs … of corruption are so high, why don’t countries strive to improve their institutions and root out corruption? Why do many … countries appear to be stuck in a vicious circle of widespread corruption and low economic growth, often accompanied by ever …

Government intervention to correct market failures is often accompanied by government failures and corruption. This is …. However, the impact of corruption on the public provision of social services has not been analyzed. This paper reviews the … relevant theoretical models and users’ perceptions of corruption in the public provision of social services. It then provides …

Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …