This paper uses an encompassing framework developed by Murphy et al. (1991, 1993) to study corruption and how it … affects income distribution and growth. We find that (1) corruption affects income distribution in an inverted U-shaped way …, (2) corruption alone also explains a large proportion of the Gini differential across developing and industrial countries …

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 …

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 …

informal sector in the presence of corruption. The impact of the interaction between growth and corruption on economic … the empirical literature because it studies the effect of the interaction between growth and corruption in the informal …, economic growth interacts with corruption and produces negative net effects up to a corruption threshold of 4.79745 when this …

. Using a large annual panel of African countries with a time series of 25 years, ours results show that when the corruption … rate is above (below) a threshold of 1.3577, economic growth reduces (increases) informal economic sector. The corruption … proxy is measured as a decreasing function of corruption such that higher levels of the corruption proxy translate lower …

The paper explains theoretical framework of how corruption hurts economic growth and reveals its application … difficulties. Comparing views on corruption in terms of the problem of agency and the problem of rent-seeking we argue that … corruption in general is the problem of legal setting and its enforcement and, if badly established, it does not promote economic …

corrupt behaviour. Within comparison of both agency theory and rent-seeking we argue that corruption in general is the problem …How does corruption in Central and Eastern Europe hurt economic growth? The paper explains theoretical framework that … is applied to the problem of corruption and reveals its application difficulties. Corruption may be understood as the …

This study investigates the impact of corruption on public and private investment in African countries as a way of … exploring one channel through which corruption undermines growth. The empirical results indicate that corruption affects … economic growth directly and through its impact on investment. We find that corruption has a negative and significant effect on …