Roads to nowhere :: how corruption in public investment hurts growth /

This paper contends that such corruption increases the number of capital projects undertaken and tends to enlarge their size and complexity. The result is that, paradoxically, some public investment can end up reducing a country's growth because, even though the share of public investment in gr...

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Bibliographic Details
Main Author: Tanzi, Vito
Corporate Author: International Monetary Fund
Other Authors: Davoodi, Hamid Reza
Format: Electronic eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:Economic issues (International Monetary Fund) ; 12.
Subjects:
Online Access:DE-862
DE-863
Summary:This paper contends that such corruption increases the number of capital projects undertaken and tends to enlarge their size and complexity. The result is that, paradoxically, some public investment can end up reducing a country's growth because, even though the share of public investment in gross domestic product (the total of all goods and services produced in a country in a given year) may have risen, the average productivity of the investment has dropped.
Item Description:Guillermo and Michèle de la Dehesa Legacy Collection.
"Draws on material originally contained in [the authors'] IMF Working Paper 97/139 'Corruption, Public Investment, and Growth'"--Preface
"March 1998"--Title page verso
Physical Description:1 online resource (iii, 12 pages)
Format:Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
ISBN:9781455245550
1455245550

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