Curbing corruption for higher growth: The importance of persistence

There is a view in the literature that curbing corruption is concurrently growth augmenting. We present evidence that such is not always the case: independent of its indirect effects, a drop in corruption is growth augmenting only if there has been a persistent decline in corruption in the past.

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Year of publication:	2012
Authors:	Swaleheen, Mushfiq
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 2, p. 255-257
Publisher:	Elsevier
Subject:	Corruption \| Growth \| Generalized method of moments (GMM)

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Type of publication:	Article
Classification:	H8 - Miscellaneous Issues ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

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