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Corruption and Development, Revisited

Author

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  • Jenny D. Balboa

    (Philippine Institute for Development Studies)

  • Shinji Takenaka

Abstract

Graft and corruption is considered to be one of the biggest threat to development. Several studies had shown the tremendous impact of corruption in the economy. For a number of developing countries, a huge portion of government resources are lost and wasted due to corrupt activities, further plunging the country to poverty and underdevelopment. Various efforts to combat this social ill have been explored. However, the problem continues to persist. This short paper revisits the issue and aims to contribute to the growing literature of understanding corruption in developing economies and creating the necessary policy response. It answers the following questions : What are the different forms of corruption? What drives corruption? What has been done to address the issue? The Philippine case is also briefly discussed.

Suggested Citation

  • Jenny D. Balboa & Shinji Takenaka, 2010. "Corruption and Development, Revisited," Development Economics Working Papers 23088, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:develo:23088
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    File URL: http://www.eaber.org/node/23088
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    References listed on IDEAS

    as
    1. Jakob Svensson, 2005. "Eight Questions about Corruption," Journal of Economic Perspectives, American Economic Association, vol. 19(3), pages 19-42, Summer.
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    3. Cheryl W. Gray & Daniel Kaufman, 1998. "Corruption and Development," World Bank Publications - Reports 11545, The World Bank Group.
    4. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    5. Dean Yang, 2008. "Integrity for Hire: An Analysis of a Widespread Customs Reform," Journal of Law and Economics, University of Chicago Press, vol. 51(1), pages 25-57, February.
    6. Benjamin A. Olken, 2007. "Monitoring Corruption: Evidence from a Field Experiment in Indonesia," Journal of Political Economy, University of Chicago Press, vol. 115(2), pages 200-249.
    7. Mauro, Paolo, 1998. "Corruption and the composition of government expenditure," Journal of Public Economics, Elsevier, vol. 69(2), pages 263-279, June.
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    Cited by:

    1. Lalountas, Dionisios A. & Manolas, George A. & Vavouras, Ioannis S., 2011. "Corruption, globalization and development: How are these three phenomena related?," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 636-648, July.

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