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Corruption and Rent-Seeking

In: The Political Dimension of Economic Growth

Author

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  • John Mukum Mbaku

    (Weber State University)

Abstract

In recent years, social scientists have become increasingly interested in the study of the political dimension of economic growth and development. Part of this interest can be found in the belief that traditional constructs have not been policy-relevant, especially since they usually fail to emphasize the importance of laws and institutions to economic growth. For example, the neo-classical economics model deals only with choice-through-markets, whereas its policy recommendations are usually implemented through non-market processes by a bureaucracy whose behaviour is not within the model. The state is treated as the ‘exogenous, omni-competent and costless instrument for the implementation of policies promoting “economic efficiency”’ (Wiseman, 1990, p. 105). In recent years, the public-choice model has emerged as a more intellectually satisfying approach to the study of public policy.

Suggested Citation

  • John Mukum Mbaku, 1998. "Corruption and Rent-Seeking," International Economic Association Series, in: Silvio Borner & Martin Paldam (ed.), The Political Dimension of Economic Growth, chapter 10, pages 193-211, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-26284-7_10
    DOI: 10.1007/978-1-349-26284-7_10
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    Cited by:

    1. Mai, Nhat Chi, 2018. "Valuing Social Capital: Shifting Strategies for Export Success of Vietnamese Small- and Medium-Sized Enterprises," OSF Preprints rxjav, Center for Open Science.
    2. Paldam, Martin, 2002. "The cross-country pattern of corruption: economics, culture and the seesaw dynamics," European Journal of Political Economy, Elsevier, vol. 18(2), pages 215-240, June.
    3. Addo, Atta A., 2016. "Explaining 'irrationalities' of IT-enabled change in a developing country bureaucracy: the case of Ghana's Tradenet," LSE Research Online Documents on Economics 69471, London School of Economics and Political Science, LSE Library.
    4. Wu, Shih-Ying, 2006. "Corruption and cross-border investment by multinational firms," Journal of Comparative Economics, Elsevier, vol. 34(4), pages 839-856, December.
    5. Petermann, Andrea & Guzman, Juan Ignacio & Tilton, John E., 2007. "Mining and corruption," Resources Policy, Elsevier, vol. 32(3), pages 91-103, September.

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