|
|||||
|
|
Corruption is bad for growth (even in the United States) |
|
| Authors: | Noel D Johnson Courtney L LaFountain Steven Yamarik |
| Institution: | 1. Department of Economics and Mercatus Center, George Mason University, 3301 North Fairfax Drive, Suite 450, Arlington, VA, 22201, USA 2. Center for Economics, Applied Research and Methods Team, US Government Accountability Office, 441 G St NW, Washington, DC, 20548, USA 3. Department of Economics, California State University at Long Beach, Long Beach, CA, 90840, USA |
| Abstract: | We estimate the impact of corruption on growth of output per worker in U.S. states. We improve on existing studies of the cost of corruption by using a better specified empirical model, focusing on a study population that is less likely to be affected by parameter heterogeneity, and controlling for endogeneity using political variables to instrument for corruption. We find that corruption plays a significant and causal role in lowering growth and investment across the states. |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ | |