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IMF Staff Papers, Volume 51, No. 1

IMF Staff Papers, Volume 51, No. 1 »

Volume: 51

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2004

DOI: http://dx.doi.org/10.5089/9781589063228.024

ISBN: 9781589063228

Keywords: expenditure, bribe, government expenditure, bribes, Banks and banking, Special Drawing Rights (SDR), Capital Stock, Cointegration, Demand (economic Theory), Empirical Methods

This first issue of Volume 51 for 2004 includes a new paper by Peter B. Clark and Jacques J. Polak, along with a tribute from the Editor to Mr. Polak in honor of his 90th birthday. This issue also launches a new fe...

The Persistence of Corruption and Slow Economic Growth

The Persistence of Corruption and Slow Economic Growth »

Volume/Issue: 2002/213

Series: IMF Working Papers

Author(s): Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2002

DOI: http://dx.doi.org/10.5089/9781451874952.001

ISBN: 9781451874952

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...