corruption in the distribution of formal credit. The existing moneylender, the bank official and the new moneylenders move …

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 …

While financial development and corruption control have been studied extensively, their interaction has not. We develop … a simple model in which low corruption and financial development both facilitate the undertaking of productive projects …, but act as substitutes in doing so. The substitutability arises because corruption raises the need for liquidity and thus …

This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that … corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by … government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is …

corruption in the distribution of formal credit. The existing moneylender, the bank official and the new moneylenders move …

can countries get trapped in a bribing equilibrium forever? Corruption and lobbying are to some extent substitutes. By …) an equilibrium with corruption discourages firms to invest, (ii) firms bribe if the level of development is low, but (iii … become an equilibrium. The outcome is a poverty trap with pervasive corruption. This poverty trap is more likely if penalties …