There is increasing recognition that corruption has substantial, adverse effects on economic growth. But if the costs … of corruption are so high, why don't countries strive to improve their institutions and root out corruption? Why do many … countries appear to be stuck in vicious circles of widespread corruption and low economic growth, often accompanied by ever …

This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that … corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by … government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is …