Corruption, institutions, and economic development

C-Tier
Journal: Oxford Review of Economic Policy
Year: 2009
Volume: 25
Issue: 2
Pages: 271-291

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Many scholarly articles on corruption give the impression that the world is populated by two types of people: the 'sanders' and the 'greasers'. The 'sanders' believe that corruption is an obstacle to development, while the 'greasers' believe that corruption can (in some cases) foster development. This paper takes a critical look at these positions. It concludes that the evidence supporting the 'greasing the wheels hypothesis' is very weak and shows that there is no correlation between a new measure of managers' actual experience with corruption and GDP growth. Instead, the paper uncovers a strong negative correlation between growth in genuine wealth <italic>per capita</italic>--a direct measure of sustainable development--and corruption. While corruption may have little average effect on the growth rate of GDP <italic>per capita</italic>, it is a likely source of unsustainable development. Copyright 2009, Oxford University Press.

Technical Details

RePEc Handle
repec:oup:oxford:v:25:y:2009:i:2:p:271-291
Journal Field
General
Author Count
1
Added to Database
2026-01-24