Corruption is usually depicted in one of two ways: as stemming from a lack of government accountability, or from a lack … corruption. If corruption results from moral hazard between politicians and citizens, then unaccountable governments should … eschew anti-corruption bodies. If rent-seeking stems from moral hazard between politicians and bureaucrats, all governments …

political “corporatism.” As used here, it describes a system in which government, big business, and powerful interest groups …

An economy is considered where a possibility to seek rents (a particular case of this activity is corruption) exists … low corruption the direct law enforcement is beneficial for growth, and reduces the shadow sector. However, in the highly … corrupt economy, combating the shadow economy reduces output and increases corruption, while combating corruption reduces the …