Corruption And Economic Growth

This book examines the concept of corruption, its ethical interface, and its measurement. It looks at economies of about 150 countries in different income groups and using cross-country regression analysis estimates how corruption impacts their economic growth. In the light of experience of some major global economies, it suggests a strategy for meeting the challenge of political and petty corruption. It identifies the drag effect of low incomes on the ability of countries to lower corruption and focuses on the centrality of growth for reducing corruption. The study brings out the criticality of systemic reforms, especially of institutions, participation of community, and education. It strongly emphasizes the need for laws covering corruption in both the government and private companies and a fair and independent investigating agency with quick trials of corrupt public servants. The book gives a brief history of corruption in India, efforts made in recent years, and the much-hyped Lokpal act with changes required in the current law to address corruption.

This report provides an analysis of the impact of a range of corrupt practices on economic growth and development in four key sectors: utilities and infrastructure, extractive industries, health and education.

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. It merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Revised and updated to include new research findings and recent policy discussions, the second edition contains 15 new sections and 2 new chapters on topics such as public defaults, the wage elasticity of work and the interest elasticity of saving, and the economic and fiscal impact of the 2020 pandemic. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present. The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth. The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public official. The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the second edition contains a technical appendix, expanded end-of-chapter questions and problems, and a complete solutions manual. The second edition also offers updated resources for instructors, including sample syllabi and over 550 multiple choice questions. Offering a unified explanation for the causes and consequences of government failure, fiscal crisis, and needed policy reforms, this text is appropriate for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and public policy.

This volume presents 18 IMF research studies on the causes and consequences of corruption, as well as how it can most effectively be combated to improve governance, increase economic growth, and reduce poverty. The authors examine how civil service wages affect corruption, the impact of natural resource availability on corruption, the impact of corruption on a country’s income distribution and incidence of poverty, and the effect of corruption on government expenditures on health and education.

Corruption is increasingly placed on top of the agenda of national governments and supra national institutions, such as the OECD, UN or the World Bank. A necessary condition for promoting sustainable economic growth is the pre-existence of a stable political system which is able to control corruption. Corruption, however, is a very complex issue, associated with institutional and cultural specificities, personality traits related to individualistic values, and criminal personalities. In this book the social, political and economic realities that prevail in particular settings are viewed from an interdisciplinary, multidimensional, and a multi country perspective. This book is divided into three parts. The first part presents a comprehensive, theoretical and empirical framework of corruption with an overview of literature on economic growth and corruption. Part two, encompasses the in-depth analysis of several countries, ranging from middle corrupted contexts like Portugal, to highly corrupted countries including Serbia, Russia, Thailand and China- the latter viewed from the perspective of firms from a very low corruption country such as Finland. The final part explores the prevention and control of corruption, looking at the public sector in Thailand and fighting corruption with different strategies. This volume is of the interest of those who study international economics, development economics or organised crime.

This paper discusses the possible causes and consequences of corruption. It provides a synthetic review of recent studies that analyze this phenomenon empirically. In addition, it presents further results on the effects of corruption on growth and investment, and new cross-country evidence on the link between corruption and the composition of government expenditure.

Corruption, Good Governance and Economic Development adopts a non-Eurocentric approach towards good governance issues in Asia and Africa on practical and theoretical levels. Edited by R N Ghosh and M A B Siddique, this volume features contributions from distinguished scholars and policy makers who examine whether there is any correlation between the level of corruption in a country and its rate of economic change. These chapters are the outcome of major papers that were presented in conferences on the topic of “Good Governance and Economic Development” presented in Australia and India in June and December 2009 respectively, and it is hoped that they will bridge the gap in the area of good governance from a non-Western perspective in existing development literature. Contents: Corruption, Crime and Economic Growth:Some Quantitative Measures of Corruption (R N Ghosh and M A B Siddique)Using the Release of Information as an Indicator of Government Transparency (Andrew Williams)Deliberative Democracy, Global Green Information System and Spirituality (Dora Marinova, Vladislav Todorov and Amzad Hossain)Selected Case Studies:Governance, Institutions and Corruption: Negative Sovereignty in Africa(Derek H Aldcroft)Corruption in Bangladesh: Review and Analysis (M A B Siddique)Restoring Sustainable Governance in Bangladesh (Amzad Hossain and Dora Marinova)Crime, Corruption and Economic Growth — A Study in Indian Perspective (Gautam M Chakrabarti)Comparative Crime and Corruption in Different Indian States in the Context of Economic Development (Surajit Kar Purkayastha)A Certain Uncertainty; Assessment of Court Decisions in Tackling Corruption in Indonesia (Rimawan Pradiptyo)Does Governance Reform in a Democratic Transition Country Reduce the Risk of Corruption? Evidence from Indonesia (Budi Setiyono)Conclusion and Policy Implications:Conclusion: Good Governance and Sustainable Development (M A B Siddique and R N Ghosh) Readership: Undergraduates and postgraduates focused on development studies; policymakers with an interest in development issues in Asia and non-governmental organizations. Key Features:The book contains a good deal of useful statistical informationSome of the papers are contributed by distinguished scholars based on evidenceVarious chapters make an in depth analysis of the relationships between corruption and developmentKeywords:Corruption;Good Governance;Transparency;India;Bangladesh;Indonesia;Africa