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The Causes and Consequences of Corruption

Author

Listed:
  • Omar Azfar

    (IRIS Center, University of Maryland at College Park)

  • Young Lee

    (IRIS Center, University of Maryland at College Park)

  • Anand Swamy

    (Economics Department at Williams College in Massachusetts)

Abstract

In recent years, economists have come to recognize that corruption is not just an aberration or a nuisance; it is a systemic feature of many economies, which constitutes a significant impediment to economic development. The authors present an overview of the literature on the causes and consequences of corruption and briefly comment on some policy issues, drawing on recent research, including their own.

Suggested Citation

  • Omar Azfar & Young Lee & Anand Swamy, 2001. "The Causes and Consequences of Corruption," The ANNALS of the American Academy of Political and Social Science, , vol. 573(1), pages 42-56, January.
    • Handle: RePEc:sae:anname:v:573:y:2001:i:1:p:42-56
    DOI: 10.1177/000271620157300103
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    References listed on IDEAS

    as
    1. Chand, Sheetal K. & Moene, Karl O., 1999. "Controlling Fiscal Corruption," World Development, Elsevier, vol. 27(7), pages 1129-1140, July.
    2. Mancur Olson, 1996. "Distinguished Lecture on Economics in Government: Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 3-24, Spring.
    3. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross‐Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
    4. Olson, Mancur, Jr & Sarna, Naveen & Swamy, Anand V, 2000. "Governance and Growth: A Simple Hypothesis Explaining Cross-Country Differences in Productivity Growth," Public Choice, Springer, vol. 102(3-4), pages 341-364, March.
    5. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
    6. Edgardo Campos, J. & Lien, Donald & Pradhan, Sanjay, 1999. "The Impact of Corruption on Investment: Predictability Matters," World Development, Elsevier, vol. 27(6), pages 1059-1067, June.
    7. Paolo Mauro, 1995. "Corruption and Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 681-712.
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    Cited by:

    1. Lee, Mina & Mutlu, Canan & Lee, Seung-Hyun, 2023. "Bribery and Firm Growth: Sensemaking in CEE and Post-Soviet Countries," Journal of International Management, Elsevier, vol. 29(1).
    2. Zhou, Kevin Zheng & Wang, Kui & Xu, Dean & Xie, En, 2022. "Drinking poison to quench thirst: Does bribery foster firm performance in China?," Journal of Business Research, Elsevier, vol. 147(C), pages 505-517.

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