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A Note On Corruption And Public Investment: The Political Instability Threshold

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  • Frank Bohn

Abstract

This paper studies the government’s public investment decision problem. Above some critical value of political instability, no investment is optimal. The result can also be interpreted as an alternative explanation for some governments’ reluctance in fighting corruption.
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  • Frank Bohn, 2004. "A Note On Corruption And Public Investment: The Political Instability Threshold," Royal Economic Society Annual Conference 2004 29, Royal Economic Society.
    • Handle: RePEc:ecj:ac2004:29
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