European Parliament Library

The Persistence of Corruption and Slow Economic Growth, Paolo Mauro

Abstract
There is increasing recognition that corruption has substantial, adverse effects on economic growth. But if the costs of corruption are so high, why don’t countries strive to improve their institutions and root out corruption? Why do many countries appear to be stuck in a vicious circle of widespread corruption and low economic growth, often accompanied by ever-changing governments through revolutions and coups? A possible explanation is that when corruption is widespread, individuals do not have incentives to fight it even if everybody would be better off without it. Two models involving strategic complementarities and multiple equilibria attempt to illustrate this formally
Table Of Contents
""Contents""; ""I. MOTIVATION, INTUITION, AND RESULTS""; ""II. A MODEL OF MULTIPLE EQUILIBRIA IN CORRUPTION AND ECONOMIC GROWTH""; ""III. MULTIPLE EQUILIBRIA IN CORRUPTION, POLITICAL STABILITY, AND GROWTH""; ""IV. CONCLUDING REMARKS""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (24 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613822390

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