Unravelling the anatomy of legal corruption in India: Focusing on the ‘honest graft’ by the politicians
Corruption in India is ubiquitous and may be broadly identified as illegal and legal. This paper delves into the typology of legal corruption in India, which, apart from abuse of discretionary power, and tactical law and policy making, also includes – not so well documented – use of information advantage and the externality impact of such information by politicians to make gains. The paper, by analyzing the growth rates in assets of some politicians in the Mumbai Metropolitan Region, finds that the elected politicians experience a higher growth in their assets as compared to the market growth. The findings strongly support the existence of this form of legal corruption in India. The paper recommends that practices of ‘misuse’ of information advantage by politicians to make legal gains could be reduced by enforcing greater transparency via dissemination of relevant information in public domain. These measures must be backed by broad based reforms – that are commensurate with the current level of economic development – that would bring about system-wide changes in an effort to lower overall corruption in the country.
|Date of creation:||26 May 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sambit Bhattacharyya & Raghbendra Jha, 2009.
"Economic Growth, Law and Corruption: Evidence from India,"
ASARC Working Papers
2009-15, The Australian National University, Australia South Asia Research Centre.
- Sambit Bhattacharyya & Raghbendra Jha, 2013. "Economic Growth, Law, and Corruption: Evidence from India," Comparative Economic Studies, Palgrave Macmillan, vol. 55(2), pages 287-313, June.
- Pierre-Guillaume Méon & Khalid Sekkat, 2005.
"Does corruption grease or sand the wheels of growth?,"
Springer, vol. 122(1), pages 69-97, January.
- Pierre-Guillaume Méon & Khalid Sekkat, 2005. "Does corruption grease or sand the wheels of growth?," ULB Institutional Repository 2013/7364, ULB -- Universite Libre de Bruxelles.
- James E. Alt & David Dreyer Lassen, 2002. "The Political Economy of Institutions and Corruption in American States," EPRU Working Paper Series 02-16, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Lessmann, Christian & Markwardt, Gunther, 2008.
"One size fits all? Decentralization, corruption, and the monitoring of bureaucrats,"
Dresden Discussion Paper Series in Economics
14/08, Dresden University of Technology, Faculty of Business and Economics, Department of Economics.
- Lessmann, Christian & Markwardt, Gunther, 2010. "One Size Fits All? Decentralization, Corruption, and the Monitoring of Bureaucrats," World Development, Elsevier, vol. 38(4), pages 631-646, April.
- Christian Lessmann & Gunther Markwardt, 2009. "One Size Fits All? Decentralization, Corruption, and the Monitoring of Bureaucrats," CESifo Working Paper Series 2662, CESifo Group Munich.
- Toke Aidt & Jayasri Dutta & Vania Sena, 2006.
"Governance Regimes, Corruption and Growth: Theory and Evidence,"
15_2006, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
- Aidt, Toke & Dutta, Jayasri & Sena, Vania, 2008. "Governance regimes, corruption and growth: Theory and evidence," Journal of Comparative Economics, Elsevier, vol. 36(2), pages 195-220, June.
- Pethe, Abhay & Gandhi, Sahil & Tandel, Vaidehi, 2011. "Assessing the Mumbai metropolitan region: a governance perspective," MPRA Paper 39354, University Library of Munich, Germany.
- Naved Ahmad & Oscar Brookins, 2004. "On Corruption and Countervailing Actions in Three South Asian Nations," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 7(1), pages 21-30.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:39306. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.