Bookcover of The Price of Corruption
Booktitle:

The Price of Corruption

An Institutional Analysis Of The Impacts Of Corruption On Economic Development

Scholars' Press (2013-09-06 )

Books loader

Omni badge eligible for voucher
ISBN-13:

978-3-639-51757-6

ISBN-10:
3639517571
EAN:
9783639517576
Book language:
English
Blurb/Shorttext:
This study of corruption applies an empirical test to the institutional theory developed by Andrei Shleifer and Robert Vishny (1993). That allows public officials, when providing a bundle of governmental goods, to act as a monopolist and can organize themselves in three distinct forms of organizations thus inflicting a wide array of corruption levels and consequently diverse impacts on Economic Development. After analyzing the impact of corruption on economic growth using the methodologies employed in the relevant literature, I found empirical support for both the “grease of the wheel” and “economic cancer” arguments in my analysis. And what will determine the type, level and general impact of corruption on a society is precisely its own governing institutional framework (as per determined by Douglas North). Although the author does not condone, approve or support any corruption activities, the most curious empirical support found on this study was not that excessive corruption is corrosive for the development of a society and economic development. But that the cost involved on spending excessively in controlling corruption, far outweigh its achieved benefits.
Publishing house:
Scholars' Press
Website:
http://www.scholars-press.com
By (author) :
Hugh Anthony Harley
Number of pages:
176
Published on:
2013-09-06
Stock:
Available
Category:
Politics and economics
Price:
43.90 €
Keywords:
institutions, Economic Growth, economic development, Ronald Coase, Public Choice, Corruptiom

Books loader

Newsletter

Adyen::amex Adyen::mc Adyen::visa Adyen::cup Adyen::unionpay Paypal Wire Transfer

  0 products in the shopping cart
Edit cart
Loading frontend
LOADING