Saastamoinen, Antti; Kuosmanen, Timo - In: Applied Economics 46 (2014) 23, pp. 2833-2849
The effect of corruption on economic growth has attracted interest in empirical development economics. The conventional view of corruption as impediment for growth has been challenged by the 'grease-on-the-wheels' hypothesis. We take a new perspective on the issue and suggest corruption as macro...