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Corruption and innovation

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Author Info
Marcelo Veracierto

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Abstract

In this article, the author illustrates how corruption can affect an industry's rate of innovation. An interesting result of analysis is that, under certain parameter ranges, small increases in the penalties to corruption or the effectiveness of detection can result in large increases in product innovation.

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File URL: http://www.chicagofed.org/publications/economicperspectives/ep_1qtr2008_part3_veracierto.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

Volume (Year): (2008)
Issue (Month): Q I ()
Pages: 29-39
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Handle: RePEc:fip:fedhep:y:2008:i:qi:p:29-39:n:v.32no.1

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Related research
Keywords: Corruption ; Technological innovations;

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This page was last updated on 2009-11-18.

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