Marjit, Sugata (contributor); Mandal, Biswajit (contributor) - 2008
cost of corruption. Relatively corrupt economy will export capital-intensive goods. However,
relatively capital … X increases driving down the autarkic
relative price. Thus a relatively corrupt economy will have an export bias in … productive bureaucracy promotes
export in labor-intensive good and increases the volume of trade.
It is possible that as L
g …