Corruption, Public Investment, and Growth

Article, Preprint OPEN
Vito Tanzi; Hamid R Davoodi;
  • Publisher: 慶應義塾経済学会
  • Journal: 三田学会雑誌,volume 91,issue 1,pages12-26 (issn: 0026-6760)
  • Subject: Corruption;public investment, growth, productivity, government revenue, current expenditure, investment projects, government finance statistics

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... View more
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