The role of government

Development does corruption promote growth corruption

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Unformatted text preview: is it? Used to mean different things in different contexts (bribes, theft, kickbacks, embezzlement, lobbying) More precise definitions focus on MISUSE OF PUBLIC OFFICE FOR PRIVATE GAIN. Think of a simple form of corruption ! administrative bribes given to a public official in exchange for a service Corruption approximately taxes or fees BUT Does not increase government revenues Corruption “contracts’ are not enforceable Measuring it: Because it is secretive and very sensitive measuring corruption is problematic RISK- ASSESSMENT measures: International Country Risk Guide Euromoney Indicators PERCEPTION- BASED measures: World Economic Forum’s survey of CEO’s Transparency International’s Corruption Perceptions Index (most popular) MICRO measures: Enterprise survey’s asking firms “how much do firms such as yours p...
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