Voors, Maarten J.; Bulte, Erwin H.; Damania, Richard - 2011
development. Using a measure of corruption as our proxy for the quality of governance, and rainfall as an instrument for income … average tend to invite extra corruption. Closer inspection, however, reveals that this result can be attributed to the most … corrupt countries. Conversely, countries with a sufficiently low level of corruption can escape the detrimental effect of …