This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on …

compromised by corruption. Our analysis is based on a dynamic general equilibrium model of a small economy in which growth is … driven by capital accumulation and public policy is administered by government appointed bureaucrats. Corruption may arise …) corruption is always bad for economic development, but its effect is worse if the economy is open than if it is closed; (2) the …

compromised by corruption. The analysis is based on a dynamic general equilibrium model in which growth is driven by capital … accumulation and public policy is administered by government-appointed bureaucrats. Corruption may arise due to the opportunity for … may be summarized as follows: (1) corruption impedes economic development and compromises the effectiveness of aid …