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Reflexões do Impacto da Corrupção no Desenvolvimento Econômico: Uma Revisão na Economia Brasileira
[Reflections on the Impact of Corruption on Economic Development: a literature review in the Brazilian Economy]

Author

Listed:
  • Iquiapaza, Robert
  • Amaral, Hudson

Abstract

The corruption is a phenomenon present in different degrees in all countries around the world. In this revision article the objective was to identify the theoretical explanations of corruption and their consequences on the economic development. First, it is verified the difficulty of measurement given its illegal and secret nature. The causes can be multiple, but the literature reveals the inexistence of a solid theoretical approach. However, behavioral models and the principal-agent relationship approaches stand out in economics and political science. There is no doubt in associating the corruption to the lower economic development, that results as a consequence of the introduction of inefficiencies on investments fall in the potential product and increases the interest rate. These characteristics seem to coincide with the reality observed during the actual millennium in the Brazilian economy; without misunderstanding it results in a pernicious combination and generating of social inequalities.

Suggested Citation

  • Iquiapaza, Robert & Amaral, Hudson, 2007. "Reflexões do Impacto da Corrupção no Desenvolvimento Econômico: Uma Revisão na Economia Brasileira [Reflections on the Impact of Corruption on Economic Development: a literature review in the Brazi," MPRA Paper 1818, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:1818
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Keywords: Economic development; corruption; Economic; Brazil;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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