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The cost of corruption and undue private benefit: two hidden faces of the same mirror

Author

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  • Vicente Humberto Monteverde

Abstract

Purpose - The purpose of this study is to formulate the cost of corruption and undue private benefit. Design/methodology/approach - The design is based on cost formulas of the corruption already formulated, and the design of these formulas allows the calculation for Argentina in 2021 of the cost of the corruption. Findings - The corruption cost models for bribes and cost overruns for public works are the theoretical basis for obtaining the undue private benefit. Based on the formulas developed to calculate the costs of corruption for Argentina 2021. Research limitations/implications - There are no limitations in the model. Practical implications - In addition to the calculation of the cost of corruption, the formula of private profit undue by corruption is developed. Social implications - The social implications are certainty about the cost of corruption for Argentina in 2021. Originality/value - The present work is original and its value is given by the formulation and practical demonstration of the cost of corruption for Argentina in 2021 and the undue private benefit.

Suggested Citation

  • Vicente Humberto Monteverde, 2021. "The cost of corruption and undue private benefit: two hidden faces of the same mirror," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 29(2), pages 653-664, September.
    • Handle: RePEc:eme:jfcpps:jfc-03-2021-0064
    DOI: 10.1108/JFC-03-2021-0064
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    More about this item

    Keywords

    Bribes; Cost of corruption; Corruption; Surcharges; Undue benefit; A13; D11; P16;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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