Corruption et allocation optimale de l'investissement public
AbstractIn this paper, we analyze one channel through which corruption hampers growth: public investment can be distorted in favour of specific types of spending for which rent-seeking is easier and better concealed. To study this distortion, we propose an optimal growth model where a planner chooses the composition of public spending subject to an incentive constraint reflecting households? choice between productive activity and rent-seeking. We test the implications of the model on a panel of countries estimating a system of equations with instrumental variables. Countries with a failing legal system have higher levels of corruption, spend relatively more in physical capital than in education and health, and they grow slower, in particular if the political power is highly concentrated. Classification JEL : O41, H50, D73.
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 58 (2007)
Issue (Month): 3 ()
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Other versions of this item:
- DE LA CROIX, David & DELAVALLADE, Clara, . "Corruption et allocation optimale de l'investissement public," CORE Discussion Papers RP -1990, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
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- Asongu Simplice & Oasis Kodila-Tedika, 2013.
"Crime and conflicts in Africa: consequences of corruption?,"
13/004, African Governance and Development Institute..
- Asongu, Simplice A. & Kodila-Tedika, Oasis, 2013. "Crime and conflicts in Africa: consequences of corruption?," European Economic Letters, European Economics Letters Group, vol. 2(2), pages 50-55.
- Simplice A, Asongu & Oasis, Kodila-Tedika, 2013. "Crime and conflicts in Africa: consequences of corruption?," MPRA Paper 44043, University Library of Munich, Germany.
- G. d'Agostino & J.P Dunne & L. Pieroni, 2012.
"Government spending, corruption and economic growth,"
SALDRU Working Papers
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- d'Agostino, Giorgio & Dunne, Paul J. & Pieroni, Luca, 2012. "Government spending, corruption and economic growth," MPRA Paper 38109, University Library of Munich, Germany.
- Kodila Tedika, Oasis, 2012.
"Consequences De La Corruption : Panorama Empirique
[Consequences of Corruption : Empirical survey]," MPRA Paper 41482, University Library of Munich, Germany.
- Asongu Simplice & Oasis Kodila-Tedika, 2013.
"Fighting African Conflicts and Crimes: Which Governance Tools Matter?,"
13/007, African Governance and Development Institute..
- Simplice A, Asongu & Oasis, Kodila-Tedika, 2013. "Fighting African Conflicts and Crimes: Which Governance Tools Matter?," MPRA Paper 44044, University Library of Munich, Germany.
- Dridi, Mohamed, 2013. "Corruption and Economic Growth: The Transmission Channels," MPRA Paper 47873, University Library of Munich, Germany.
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