This paper considers the effect of corruption on the effciency of capital investment. Using firm-level level data from … decreases investment efficiency, as measured using both absolute and relative metrics of investment returns. The negative effect …

Can a society suffering contests between rich and poor achieve good governance in the face of endemic corruption? We … payments, limiting the state's economic development capability. In the face of extensive corruption, it is challenging for the … that minimizes corruption and is sensitive to the present and future needs of society. To do this it must understand what …