An increase in corruption by one point on a scale from 10 (highly clean) to 0 (highly corrupt) lowers productivity by 4% of GDP and decreases net annual capital inflows by 0.5% of GDP. Central to the impact of corruption on productivity is its adverse influence on bureaucratic quality, that is,...

Because corruption must be hidden from the public and is not enforced by courts it entails transaction costs, which are larger than those from legal exchange. This suggests that corrupt contracts are primarily relational contracts where legal exchange serves as a basis for sealing and enforcing...

The rent-seeking theory was one of the first economic instruments developed to model corruption in the public sector. Comparing corruption with lobbying, it proposes that the former is the lesser of two evils, since lobbying entails the wastage of resources in the competition for preferential...

Corruption at central banks induces distorted policies by generating a tendency to increase inflation. An inflation bias arises because the public distrusts central bank’s benevolence, not only its commitments. We show that distrust among the public, measured by a high level of expected...

Este informe presenta una selección de estudios sobre transparencia y corrupción que abarcan desde la relación de la corrupción con los fenómenos socioeconómicos hasta los vínculos entre implementación de políticas y cambios. El punto de partida es el análisis empírico de la...

An increase in corruption by one point on a scale from 10 (highly clean) to 0 (highly corrupt) lowers productivity by 4% of GDP and decreases net annual capital inflows by 0.5% of GDP. Central to the impact of corruption on productivity is its adverse influence on bureaucratic quality, that is,...

Why are women regarded to be more resistant towards corruption? We address this question by letting students allotted the role of public servants receive a bribe and choose between reporting (whistleblowing), opportunism and reciprocity (delivery of a contract to the briber). Those acting as...

Reliable microdata on corrupt behavior are hard to obtain in the field, and available field data are hard to interpret. Laboratory corruption experiments have therefore recently gained in popularity, and those that shed light on gender effects are surveyed in this article. The tentative main...

Economic research on corruption aims both to isolate the economic effects of quid pro quo deals between agents and third parties, and to suggest how legal and institutional reforms might curb harms and enhance benefits. In this comprehensive Handbook, top scholars in the field provide specially...