Neeman, Zvika; Paserman, Daniele; Simhon, Avi - 2003
We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in … corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries … relatively closed economies of the 19th century, the gains from corruption remained inside the country and became part of the …