Corruption, Public Investment, and Growth:
Corruption, particularly political or "grand" corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i)...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
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Schriftenreihe: | IMF Working Papers
Working Paper No. 97/139 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Corruption, particularly political or "grand" corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower expenditures on operations and maintenance; and (iv) lower quality of public infrastructure. The evidence also shows that corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers growth. An implication is that economists should be more restrained in their praise of high public sector investment, especially in countries with high corruption |
Beschreibung: | 1 Online-Ressource (23 p) |
ISBN: | 145192951X 9781451929515 |
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spelling | Tanzi, Vito Verfasser aut Corruption, Public Investment, and Growth Tanzi, Vito Washington, D.C International Monetary Fund 1997 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/139 Corruption, particularly political or "grand" corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower expenditures on operations and maintenance; and (iv) lower quality of public infrastructure. The evidence also shows that corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers growth. An implication is that economists should be more restrained in their praise of high public sector investment, especially in countries with high corruption Online-Ausg Davoodi, Hamid Reza Sonstige oth http://elibrary.imf.org/view/IMF001/01398-9781451929515/01398-9781451929515/01398-9781451929515.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Tanzi, Vito Corruption, Public Investment, and Growth |
title | Corruption, Public Investment, and Growth |
title_auth | Corruption, Public Investment, and Growth |
title_exact_search | Corruption, Public Investment, and Growth |
title_exact_search_txtP | Corruption, Public Investment, and Growth |
title_full | Corruption, Public Investment, and Growth Tanzi, Vito |
title_fullStr | Corruption, Public Investment, and Growth Tanzi, Vito |
title_full_unstemmed | Corruption, Public Investment, and Growth Tanzi, Vito |
title_short | Corruption, Public Investment, and Growth |
title_sort | corruption public investment and growth |
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