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Removing Impediments to Sustainable Economic Development: The Case of Corruption

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  • Augusto López Claros

    (Global Indicators Group, World Bank Group, USA)

Abstract

This paper examines causes and consequences of corruption within the process of economic development. Drawing on experiences and insights accumulated during the post-war period and reflected in a growing body of academic research, the paper analyzes institutional mechanisms that sustain corruption and the impact of corruption on development. It argues that many forms of corruption stem from the distributional attributes of the state in its role as the economy's central agent of resource allocation. It also addresses the question of what can be done about corruption and discusses the role of economic policies in developing incentives and institutions to reduce its incidence.

Suggested Citation

  • Augusto López Claros, 2015. "Removing Impediments to Sustainable Economic Development: The Case of Corruption," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(01), pages 1-35.
    • Handle: RePEc:wsi:jicepx:v:06:y:2015:i:01:n:s1793993315500027
    DOI: 10.1142/S1793993315500027
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    References listed on IDEAS

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    1. Tanzi, Vito & Schuknecht, Ludger, 1997. "Reconsidering the Fiscal Role of Government: The International Perspective," American Economic Review, American Economic Association, vol. 87(2), pages 164-168, May.
    2. Mr. Sanjeev Gupta, 1998. "Does Corruption Affect Income Inequality and Poverty?," IMF Working Papers 1998/076, International Monetary Fund.
    3. Johnson, Simon & Kaufmann, Daniel & Zoido-Lobaton, Pablo, 1998. "Regulatory Discretion and the Unofficial Economy," American Economic Review, American Economic Association, vol. 88(2), pages 387-392, May.
    4. Mr. Sergei V. Alexashenko & Mr. Augusto López-Claros, 1998. "Fiscal Policy: Issues During the Transition in Russia," IMF Occasional Papers 1998/006, International Monetary Fund.
    5. Sanjeev Gupta & Hamid Davoodi & Rosa Alonso-Terme, 2002. "Does corruption affect income inequality and poverty?," Economics of Governance, Springer, vol. 3(1), pages 23-45, March.
    6. Michael J. Trebilcock & Ronald J. Daniels, 2008. "Rule of Law Reform and Development," Books, Edward Elgar Publishing, number 13032.
    7. Vito Tanzi, 1998. "Corruption Around the World: Causes, Consequences, Scope, and Cures," IMF Staff Papers, Palgrave Macmillan, vol. 45(4), pages 559-594, December.
    8. Mr. Vito Tanzi & Mr. Hamid R Davoodi, 1997. "Corruption, Public Investment, and Growth," IMF Working Papers 1997/139, International Monetary Fund.
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    More about this item

    Keywords

    Corruption; development; policies; economic growth; D73;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption

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