Corruption, Public Investment, and Growth

Corruption, Public Investment, and Growth
Corruption, particularly political or "grand" corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i) higher public investment; (ii) lower government... READ MORE...

Publication date: October 1997
ISBN 9781451929515
$15.00

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