formal sector by corrupt bureaucracy can make for stable coexistence of formal and informal jobs in the long term. In …

There is growing consensus on the view that corruption hurts economic performance by reducing private investment, by … –, corruption also has adverse distributional effects as it hurts the poor disproportionately. For a given level of government … budget and national income, high corruption countries achieve lower literacy rates, have higher mortality rates, and overall …

feature of corruption. We also investigate implications of the stability of the corrupt regime for the dynamic extortion and …

-authors on corruption, ethical leadership, and social contracts theory, and relates that literature to corrupt activities by … corporate executives. Corruption is defined broadly to encompass executive self-dealing, which harms their firms. The specific … example, to propose a framework aimed at improving corporate governance and preventing future executive corruption. The …

structure. Corruption makes local bureaucracy less transparent and hence acts as a tax on foreign investors. Moreover …This paper studies the impact of corruption on inward foreign direct investment using a unique firm-level data set. It … examines two effects of corruption simultaneously: a reduction in the volume of foreign investment and a shift in the ownership …

households. The theory predicts that bribery is more attractive to both parties when the client is richer, and we find …