This paper reviews the empirical literature on the economic costs of corruption. Corruption affects economic growth … biases the composition of government expenditures. The second part of the paper estimates the effect of corruption on … calculate the total effect of corruption: An increase of corruption by about one index point reduces GDP growth by 0 …

corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market …. The exact relationship between corruption and institutional quality is, however, ambiguous and depends on the relative … effectiveness of the institutional quality in the shadow and corruption markets. The predictions of the model are empirically tested …

The causes and consequences of corruption have attracted much attention in recent years by both academics and policy … makers. Central in the discussion on the impact of corruption are perception-based indices. While informative, these indices … are ordinal in nature and hence provide no indication of how much economic loss is attributed to corruption. Arguably …

corruption. It shows that an improvement in institutional quality reduces the shadow economy and a?ects the corruption market …. The exact relationship between corruption and institutional quality is, however, ambiguous and depends on the relative e …?ectiveness of the institutional quality in the shadow and corruption markets. The predictions of the model are empirically tested …

The causes and consequences of corruption have attracted much attention in recent years by both academics and policy … makers. Central in the discussion on the impact of corruption are perception-based indices. Recent research has shown that … perceived corruption might not be a good indicator of actual corruption in a country. In this paper, we employ a structural …

corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market …. The exact relationship between corruption and institutional quality is, however, ambiguous and depends on the relative … effectiveness of the institutional quality in the shadow and corruption markets. The predictions of the model are empirically tested …

The causes and consequences of corruption have attracted much attention in recent years by both academics and policy … makers. Central in the discussion on the impact of corruption are perception-based indices. While informative, these indices … are ordinal in nature and hence provide no indication of how much economic loss is attributed to corruption. Arguably …

Corporation (MCC) was successful in promoting better control of corruption. We employ a difference … corruption over time. We conclude that - if designed properly - conditionality can work. …

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …

The paper develops a theoretical model showing a mutual relationship between corruption and capital account … restrictions. According to the model, higher corruption induces stricter restrictions and vice versa. We test the model using panel … data for 112 countries over the period 1984?2002 and find that corruption and restrictions are indeed mutually determined …