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

, the regulatory framework and the extent of corruption in the bureaucracy? Second, what are the incentives of corrupt …It is a well-established fact that the government bureaucracy in many developing countries is large, difficult to … firms or individuals actually go about when dealing with the government bureaucracy. One institution that has emerged in …

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

There is increasing recognition that corruption has an adverse influence on growth as it distorts both market economy … sample selection is concerned. This paper empirically reexamines the relationship between corruption and growth after …, corruption is shown to be an obstacle to growth generally, a conclusion that is in line with the existing literature. Furthermore …

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 …