Ellis, Christopher; Fender, John - In: International Tax and Public Finance 13 (2006) 2, pp. 115-149
accord well with the existent empirical evidence on the relationships between the level and growth rate of output, corruption …We develop a Ramsey type model of economic growth in which the “Engine of Growth” is public capital accumulation … to fund public capital accumulation or consume the resourses itself; that is engage in corruption. There is an …