Reform,corruption, and growth: Why corruption is more devastating in Russia than in China |
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| Affiliation: | 1. State Key Laboratory of Rice Biology of China National Rice Research Institute and Zhejiang University, Hangzhou 310058, China;2. Institute of Insect Sciences, Zhejiang University, Hangzhou 310058, China;3. Crop and Environmental Sciences Division, International Rice Research Institute, Los Baños, Laguna 4031, Philippines;1. College of Electrical and Information Engineering, Lanzhou University of Technology, Lanzhou 730050, China;2. Key Laboratory of Gansu Advanced Control for Industrial Processes, Lanzhou University of Technology, Lanzhou 730050, China;3. National Experimental Teaching Center of Electrical and Control Engineering, Lanzhou University of Technology, Lanzhou 730050, China |
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| Abstract: | This article explains why massive political corruption appears to be incompatible with economic growth in Russia but compatible with very rapid economic growth in China. The common assumption is that corruption is bad for economic performance. So how can we explain the puzzling contrast between Russia and China? Is Russia being more severely “punished” for its corruption than China? If so, why? This article demonstrates that three intervening factors—comparative advantage, the organization of corruption, and the nature of rents—determines the impact of corruption on economic performance, and that these factors can explain the divergent outcomes. The article thereby offers an alternative to statist explanations of the Russia-China paradox. |
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