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A Note on Corruption and Public Investment: The Political Instability Threshold

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  • Bohn, Frank

Abstract

This paper studies the government’s public investment decision problem. Above some critical value of political instability, no investment is optimal. The result can also be interpreted as an alternative explanation for some governments’ reluctance in fighting corruption.

Suggested Citation

  • Bohn, Frank, 2003. "A Note on Corruption and Public Investment: The Political Instability Threshold," Economics Discussion Papers 8860, University of Essex, Department of Economics.
    • Handle: RePEc:esx:essedp:8860
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    References listed on IDEAS

    as
    1. Svensson, Jakob, 1998. "Investment, property rights and political instability: Theory and evidence," European Economic Review, Elsevier, vol. 42(7), pages 1317-1341, July.
    2. Lui, Francis T, 1985. "An Equilibrium Queuing Model of Bribery," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 760-781, August.
    3. Lien, Da-Hsiang Donald, 1986. "A note on competitive bribery games," Economics Letters, Elsevier, vol. 22(4), pages 337-341.
    4. Paolo Mauro, 1995. "Corruption and Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 681-712.
    5. Beck, Paul J. & Maher, Michael W., 1986. "A comparison of bribery and bidding in thin markets," Economics Letters, Elsevier, vol. 20(1), pages 1-5.
    6. Unknown, 1986. "Letters," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 1(4), pages 1-9.
    Full references (including those not matched with items on IDEAS)

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