Title: Endogenous corruption in a neoclassical growth model
Abstract: The following paper presents a simple neoclassical growth model where corruption is an endogenous result of competition between a public agent and a private agent. The model provides a simple theoretical framework in which the level of corruption as well as the effects of corruption on income, consumption, and growth are identifiable. Bureaucratic red-tape is then added to the model. The results suggest that, a priori, corruption is neither efficiency enhancing nor efficiency detracting with respect to growth but always results in some income redistribution.
Publication Year: 2000
Publication Date: 2000-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 105
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