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Type: Journal article
Title: Endogenous corruption in a neoclassical growth model
Author: Barreto, R.
Citation: European Economic Review, 2000; 44(1):35-60
Publisher: Elsevier Science BV
Issue Date: 2000
ISSN: 0014-2921
Statement of
Raul A. Barreto
Abstract: The following paper presents a simple neoclassical growth model where corruption is an endogenous result of competition between a public agent and a private agent. The model provides a simple theoretical framework in which the level of corruption as well as the effects of corruption on income, consumption, and growth are identifiable. Bureaucratic red-tape is then added to the model. The results suggest that, a priori, corruption is neither efficiency enhancing nor efficiency detracting with respect to growth but always results in some income redistribution.
Keywords: Endogenous; Growth; Corruption
RMID: 0001000896
DOI: 10.1016/S0014-2921(98)00052-X
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Appears in Collections:Economics publications

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