Ebook Bad Corruption, Good Corruption and Growth
Submitted by antoq on Sat, 12/20/2008 - 08:38
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Corruption has been widely studied and its effect on numerous areas of public and private life are well documented. Most studies agree that corruption is bad. For example Murphy, Shleifer and Vishny (1993) show that corruption leads to a misallocation of talents which is very costly for economy, Shleifer and Vishny (1993) argue that when the entry of government agencies into regulation activity is free, corruption leads to so much bribing that it drives private agents out of a market, and Guriev (2004) shows that corruption.
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