Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with … shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower … corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers …

corruption. Weak governance undermines economic performance through various channels, including deficiencies in government … performance by improving governance and reducing corruption. This paper estimates that strengthening governance and mitigating … corruption in the region could be associated with large growth dividends in the long run. While the process would take …

discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption …

factor in determining a country’s level of corruption. In a simple growth model, we illustrate the interrelationships between … natural resources, corruption, and economic growth, and discuss potential anti-corruption policies. We show that the extent of … corruption depends on natural resource abundance, government policies, and the concentration of bureaucratic power. Furthermore …

Corruption is attracting a lot of attention around the world. The paper surveys and discusses issues related to the … causes, consequences, and scope of corruption and possible corrective actions. It emphasizes the costs of corruption in terms … of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from …

The paper discusses some channels through which corruption affects growth such as the impact of corruption on … enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of 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 …

Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the … hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that … provides deeper insights into economic performance than do measures of “perceived corruption.” The hypothesis is tested by …