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When Is Corruption a Substitute for Economic Freedom?
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Art Carden
Published/Copyright:
May 10, 2010
Corruption supposedly reduces economic progress by creating an uncertain contracting environment and by preventing the state from efficiently providing public goods and correcting externalities. However, corruption can be efficiency-enhancing in countries with relatively little economic freedom. Corruption in the military appears to reduce economic growth, while corruption in the educational environment can increase economic growth. Evidence suggests that some types of corruption can increase growth when economic freedom is low.
Published Online: 2010-5-10
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
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- EU and U.S. Non-Reciprocal Preferences: Maintaining the Acquis
- When Is Corruption a Substitute for Economic Freedom?
- Reconceptualising the Debate on Intellectual Property Rights and Economic Development
- A 'Sustainability Impact Assessment' of the Economic Partnership Agreements: Challenging the Participatory Process
- Economic Development of North Korea: International Trade Based Development Policy and Legal Reform
- A Delicate Balance: Building Complementary Customary and State Legal Systems
