growth and investment, and new cross-country evidence on the link between corruption and the composition of government …This paper discusses the possible causes and consequences of corruption. It provides a synthetic review of recent … studies that analyze this phenomenon empirically. In addition, it presents further results on the effects of corruption on …

shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower … corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers …Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with …

impact on a government's decisions on how to allocate government expenditure between public consumption and investment. Using …