The Economics of Corruption in Less Developed Countries: A Review of Issues
In this paper we start with a discussion of some of the different denotations of the problem of corruption. We then consider the ways in which the damaging consequences of corruption operate in the economy, while not ignoring its possible redeeming features in some cases. We pursue the question of why corruption is perceptibly so different in different societies and also so persistent. Finally, we examine the feasible policy issues that arise.
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|Date of creation:||01 Feb 1996|
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- Wade, Robert, 1985. "The market for public office: Why the Indian state is not better at development," World Development, Elsevier, vol. 13(4), pages 467-497, April.
- Besley, Timothy & McLaren, John, 1993. "Taxes and Bribery: The Role of Wage Incentives," Economic Journal, Royal Economic Society, vol. 103(416), pages 119-41, January.
- Mookherjee, Dilip & Png, I P L, 1995. "Corruptible Law Enforcers: How Should They Be Compensated?," Economic Journal, Royal Economic Society, vol. 105(428), pages 145-59, January.
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