Series: IMF Working Papers
Author(s): Paolo Mauro
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2002
Keywords: multiple equilibria, strategic complementarities, persistence, bribe, expenditure, government expenditure, bribes, grand corruption, Illegal Behavior and the Enforcement of Law,
There is increasing recognition that corruption has substantial, adverse effects on economic growth. But if the costs of corruption are so high, why don’t countries strive to improve their institutions and r...