The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Corruption, Public Investment, and Growth
Open accessAbstract
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 associated with (i) higher public investment; (ii) lower government revenues; (iii) lower expenditures on operations and maintenance; and (iv) lower quality of public infrastructure. The evidence also shows that corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers growth. An implication is that economists should be more restrained in their praise of high public sector investment, especially in countries with high corruption.
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Cites
Klitgaard, R. (2019) · doi:10.1525/9780520911185 · Cited by 1,423
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Corruption's Effect on Growth and its Transmission Channels
Pellegrini, L., & Gerlagh, R. (2004) · Kyklos · doi:10.1111/j.0023-5962.2004.00261.x · Cited by 389
Corruption in Public Service Delivery: Experience from South Asia’s Water and Sanitation Sector
Davis, J. (2004) · World Development · doi:10.1016/j.worlddev.2003.07.003 · Cited by 306
Perceptions of Country Corruption: Antecedents and Outcomes
Davis, J. H., & Ruhe, J. A. (2003) · Journal of Business Ethics · doi:10.1023/a:1023038901080 · Cited by 279
Public good provision under dictatorship and democracy
Deacon, R. T. (2009) · Public Choice · doi:10.1007/s11127-008-9391-x · Cited by 272
Metadata
- Authors
- Tanzi, V., Davoodi, H. R., VTanzi@imf.org, & HDavoodi@imf.org
- Venue
- IMF Working Papers
- Publisher
- International Monetary Fund (IMF)
- Published
- 1997
- Volume
- 97
- Issue
- 139
- Pages
- 1
- ISSN
- 1018-5941 (ISSN-L)
- OpenAlex
- W2954746829
- Cited by
- 737
- References
- 1
- FWCI
- 59.61
- Type
- journal article
- Language
- en
- Open access
- bronze
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- Tanzi, V., Davoodi, H. R., VTanzi@imf.org, & HDavoodi@imf.org. (1997). Corruption, Public Investment, and Growth. IMF Working Papers. https://doi.org/10.5089/9781451929515.001
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
