Corruption and Growth
AbstractThis paper analyzes a newly assembled data set consisting of subjective indices of corruption, the amount of red tape, the efficiency of the judicial system, and various categories of political stability for a cross section of countries. Corruption is found to lower investment, thereby lowering economic growth. The results are robust to controlling for endogeneity by using an index of ethnolinguistic fractionalization as an instrument. Copyright 1995, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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Bibliographic InfoArticle provided by MIT Press in its journal Quarterly Journal of Economics.
Volume (Year): 110 (1995)
Issue (Month): 3 (August)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Ethnic Diversity
by Masa in Devecondata on 2013-08-05 09:47:00
- In Praise of Plurality
by fazeer in an economist in paradise on 2006-11-27 07:28:29
- The cost of corruption
by Economic Logician in Economic Logic on 2008-12-09 15:02:00
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