The Macroeconomics Of Corruption

Author : Maksym Ivanyna,Alex Mourmouras,Peter Rangazas
Publisher : Springer
Page : 304 pages
File Size : 45,6 Mb
Release : 2017-11-29
Category : Business & Economics
ISBN : 9783319686660

Get Book

The Macroeconomics of Corruption by Maksym Ivanyna,Alex Mourmouras,Peter Rangazas Pdf

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. The book merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present (Chapters 2-3). The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth (Chapters 4-6). The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public officials (Chapters 3, 5-7). The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the book contains a technical appendix, including detailed explanations of each model, end-of-chapter questions and problems, and a complete solutions manual, making it ideal for self-study. Offering a unified explanation for the causes and consequences of government failure, fiscal crisis, and the needed policy reforms, this text is appropriate for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and public policy.

Author : Yaron Zelekha
Publisher : Unknown
Page : 186 pages
File Size : 54,9 Mb
Release : 2013
Category : Corruption
ISBN : 9657173442

Get Book

The Macroeconomics of Corruption by Yaron Zelekha Pdf

Author : Sandile Hlatshwayo,Anne Oeking,Mr.Manuk Ghazanchyan,David Corvino,Ananya Shukla,Mr.Lamin Y Leigh
Publisher : International Monetary Fund
Page : 72 pages
File Size : 40,6 Mb
Release : 2018-08-31
Category : Social Science
ISBN : 9781484373095

Get Book

The Measurement and Macro-Relevance of Corruption: A Big Data Approach by Sandile Hlatshwayo,Anne Oeking,Mr.Manuk Ghazanchyan,David Corvino,Ananya Shukla,Mr.Lamin Y Leigh Pdf

Corruption is macro-relevant for many countries, but is often hidden, making measurement of it—and its effects—inherently difficult. Existing indicators suffer from several weaknesses, including a lack of time variation due to the sticky nature of perception-based measures, reliance on a limited pool of experts, and an inability to distinguish between corruption and institutional capacity gaps. This paper attempts to address these limitations by leveraging news media coverage of corruption. We contribute to the literature by constructing the first big data, cross-country news flow indices of corruption (NIC) and anti-corruption (anti-NIC) by running country-specific search algorithms over more than 665 million international news articles. These indices correlate well with existing measures of corruption but offer additional richness in their time-series variation. Drawing on theory from the corporate finance and behavioral economics literature, we also test to what extent news about corruption and anti-corruption efforts affects economic agents’ assessments of corruption and, in turn, economic outcomes. We find that NIC shocks appear to negatively impact both financial (e.g., stock market returns and yield spreads) and real variables (e.g., growth), albeit with some country heterogeneity. On average, NIC shocks lower real per capita GDP growth by 3 percentage points over a two-year period, illustrating persistence in the effect of such shocks. Conversely, there is suggestive evidence that anti-NIC efforts appear to have a sustained positive macro impact only when paired with meaningful institutional strengthening, proxied by capacity development efforts.

Author : J. Kornai,L. Mátyás,G. Roland
Publisher : Springer
Page : 265 pages
File Size : 50,5 Mb
Release : 2009-02-25
Category : Political Science
ISBN : 9780230242173

Get Book

Corruption, Development and Institutional Design by J. Kornai,L. Mátyás,G. Roland Pdf

With the aim of providing a comprehensive analysis of institutions, and of the global economy more generally, this volume explores systems of institutions and the effect of corruption, developments in behavioural economics, the impact of immigration, and the links between democratic progress and economic growth.

Author : János Kornai,László Mátyás,Gérard Roland
Publisher : Unknown
Page : 296 pages
File Size : 43,6 Mb
Release : 2009
Category : Economic policy
ISBN : 1349361291

Get Book

Corruption, Development and Institutional Design by János Kornai,László Mátyás,Gérard Roland Pdf

With the aim of providing a comprehensive analysis of institutions, and of the global economy more generally, this volume explores systems of institutions and the effect of€corruption, €developments in behavioural economics, €the impact of immigration, €and€the links between democratic progress and economic growth.

Author : Mr.Joshua Charap,Christian Harm
Publisher : International Monetary Fund
Page : 25 pages
File Size : 55,7 Mb
Release : 1999-07-01
Category : Social Science
ISBN : 9781451851496

Get Book

Institutionalized Corruption and the Kleptocratic State by Mr.Joshua Charap,Christian Harm Pdf

This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state of pure anarchy. A dictator minimizes the probability of a palace revolution by creating a system of patronage and loyalty through corrupt bureaucracy. Competitive corruption patterns are associated with anarchy and weak dictators, while strong dictators implement a system of monopolistic corruption. Efforts at public sector reform may meet resistance in countries featuring such systemic corruption.

Author : Khalid Sekkat
Publisher : Springer
Page : 354 pages
File Size : 51,7 Mb
Release : 2018-09-17
Category : Business & Economics
ISBN : 9783319985183

Get Book

Is Corruption Curable? by Khalid Sekkat Pdf

This book explores how corruption is now widely recognized as a major “disease” which threatens not only economic development but also the foundations of societies. As well as examining the causes and consequences of corruption, this book also offers a deep analysis of possible cures. It discusses the solutions that have been adopted in different countries and at the international level in order to curb corruption. Previous analyses have focused mainly on the causes and consequences of corruption but by analysing the different solutions that have been adopted around the world, and the reason of their successes or failures, this book seeks to help national and international policy makers in setting an effective anti-corruption strategy. The book will be of particular interest to researchers, students, scholars and practitioners working on corruption.

Author : Mr.Sanjeev Gupta,Mr.George T. Abed
Publisher : International Monetary Fund
Page : 580 pages
File Size : 53,8 Mb
Release : 2002-09-24
Category : Social Science
ISBN : 1589061160

Get Book

Governance, Corruption, and Economic Performance by Mr.Sanjeev Gupta,Mr.George T. Abed Pdf

This volume presents 18 IMF research studies on the causes and consequences of corruption, as well as how it can most effectively be combated to improve governance, increase economic growth, and reduce poverty. The authors examine how civil service wages affect corruption, the impact of natural resource availability on corruption, the impact of corruption on a country’s income distribution and incidence of poverty, and the effect of corruption on government expenditures on health and education.

Author : International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 47 pages
File Size : 55,9 Mb
Release : 2016-05-11
Category : Business & Economics
ISBN : 9781484346228

Get Book

Corruption by International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Legal Dept. Pdf

In an environment in which growth and employment prospects in many countries remain subdued and a number of high-profile corruption cases have fueled moral outrage, and amid a growing consensus that corruption can seriously undermine a country’s ability to deliver inclusive economic growth in a number of different areas, addressing corruption globally—in both developed and developing countries—has become increasingly urgent. When corruption impairs government functions, it can adversely affect a number of important determinants of economic performance, including macrofinancial stability, investment, human capital accumulation, and total factor productivity. Moreover, when systemic corruption affects virtually all state functions, distrust of government can become so pervasive that it can lead to violence, civil strife, and conflict, with devastating social and economic implications. This Staff Discussion Note focuses on corruption that arises from the abuse of public office for private gain, whether it manifests itself transactionally (for example, a bribe) or through powerful networks between business and government that effectively result in the privatization of public policy. While designing and implementing an anticorruption strategy requires change on many different levels, the IMF's experience in assisting member countries suggests that several elements need to be given priority: transparency, rule of law, and economic reform policies designed to eliminate excessive regulation. Perhaps most important, however, addressing corruption requires building effective institutions, with the clear objective of developing a competent civil service that takes pride in being independent of both private influence and public interference.

Author : Mr.Paolo Mauro
Publisher : International Monetary Fund
Page : 28 pages
File Size : 55,9 Mb
Release : 1996-09-01
Category : Business & Economics
ISBN : 9781451852097

Get Book

The Effects of Corruptionon Growth, Investment, and Government Expenditure by Mr.Paolo Mauro Pdf

This paper discusses the possible causes and consequences of corruption. It provides a synthetic review of recent studies that analyze this phenomenon empirically. In addition, it presents further results on the effects of corruption on growth and investment, and new cross-country evidence on the link between corruption and the composition of government expenditure.

Author : Mr.V. Hugo Juan-Ramon,Mr.Carlos M. Asilis
Publisher : International Monetary Fund
Page : 30 pages
File Size : 41,7 Mb
Release : 1994-07-01
Category : Social Science
ISBN : 9781451850819

Get Book

On Corruption and Capital Accumulation by Mr.V. Hugo Juan-Ramon,Mr.Carlos M. Asilis Pdf

Reforming economies have typically placed little attention on the impact of illegal activities on the success of reform/stabilization packages and optimal policy design. This paper aims at developing a framework in which to assess an economy’s response to alternative stabilization/reform packages as a function of the scope of corruption activities. The framework developed herein is a basic one in which only the most fundamental questions (such as the effects of anti-corruption government policies on output and welfare) are examined. The more interesting questions of the optimal design of stabilization and economic reform policies remain to be addressed in future extensions of the model. The framework also accommodates political-economy analysis, and is able to explain why, even when able to eliminate corruption activity altogether, governments may choose not to do so. Our framework differentiates between developing and developed economies according to the income share accruing to capital, as is common in the literature. In equilibrium, the effect of anti-corruption penalties on the economy’s capital stock is greater in developing countries; in particular, we find that the elasticity of the steady state average per capita stock of capital with respect to increases in anti-corruption penalties is increasing in the income share accruing to capital. The model also shows that reductions in public good output, as a fraction of the economy’s total expenditure, lead to larger welfare decreases when in the presence of corruption.

Author : Mason Gaffney,Fred Harrison
Publisher : Shepheard-Walwyn Publishers
Page : 278 pages
File Size : 53,8 Mb
Release : 1994
Category : Capitalism
ISBN : STANFORD:36105016514098

Get Book

The Corruption of Economics by Mason Gaffney,Fred Harrison Pdf

The mystery of persistent economic failure is explained. The authors accuse the founders of neoclassical economics of distorting the science to protect vested interests and preventing governments from adopting policies that would yield prosperity for everyone.

Author : Maksym Ivanyna,Alex Mourmouras,Peter Rangazas
Publisher : Springer Nature
Page : 353 pages
File Size : 41,5 Mb
Release : 2021-04-20
Category : Business & Economics
ISBN : 9783030675578

Get Book

The Macroeconomics of Corruption by Maksym Ivanyna,Alex Mourmouras,Peter Rangazas Pdf

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. It merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Revised and updated to include new research findings and recent policy discussions, the second edition contains 15 new sections and 2 new chapters on topics such as public defaults, the wage elasticity of work and the interest elasticity of saving, and the economic and fiscal impact of the 2020 pandemic. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present. The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth. The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public official. The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the second edition contains a technical appendix, expanded end-of-chapter questions and problems, and a complete solutions manual. The second edition also offers updated resources for instructors, including sample syllabi and over 550 multiple choice questions. Offering a unified explanation for the causes and consequences of government failure, fiscal crisis, and needed policy reforms, this text is appropriate for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and public policy.

Author : Susan Rose-Ackerman,Bonnie J. Palifka
Publisher : Cambridge University Press
Page : 643 pages
File Size : 50,6 Mb
Release : 2016-03-07
Category : Business & Economics
ISBN : 9781107081208

Get Book

Corruption and Government by Susan Rose-Ackerman,Bonnie J. Palifka Pdf

This new edition of a 1999 classic shows how institutionalized corruption can be fought through sophisticated political-economic reform.

Author : Marco Arnone,Leonardo S. Borlini
Publisher : Edward Elgar Publishing
Page : 648 pages
File Size : 42,6 Mb
Release : 2014-05-30
Category : Social Science
ISBN : 9781781006139

Get Book

Corruption by Marco Arnone,Leonardo S. Borlini Pdf

Economic analysis is also the key to measuring the efficacy of current anti-corruption instruments, and in the light of this the book finds many existing legal counter-measures lacking. On the other hand, its assessment of new international instruments