- International Monetary Fund
- Published Date:
- February 1997
© 1997 International Monetary Fund
Published February 1997
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The Economic Issues series was inaugurated in September 1996. Its aim is to make available to a broad readership of nonspecialists some of the economic research being produced in the International Monetary Fund on topical issues. The raw material of the series is drawn mainly from IMF Working Papers, technical papers produced by Fund staff members and visiting scholars, as well as from policyrelated research papers. This material is refined for the general readership by editing and partial redrafting.
The following paper draws on material originally contained in IMF Working Paper 96/98, “The Effects of Corruption on Growth, Investment, and Government Expenditure,” by Paolo Mauro, then an economist in the IMF’s Policy Development and Review Department. David D. Driscoll of the Fund’s External Relations Department prepared the present version. Readers interested in the original Working Paper may purchase a copy from IMF Publication Services (price $7.00).