Corruption and State and Local Government Debt Expansion

Cheol Liu · Tima T. Moldogaziev · John L. Mikesell

145 citations0/0 files storedPublic Administration Review

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Corruption and Economic Development Local Government Finance and Decentralization Fiscal Policies and Political Economy

Abstract

Abstract Theories describing rent seeking in the public sector posit a number of negative fiscal outcomes that the choices of corrupt officials may generate. The evidence presented in this article shows that states with greater intensities of public corruption have higher aggregate levels of state and local debt. If corruption in the 10 most corrupt states were only at an average level, their public debt would be 9 percent lower, or about $249.35 per capita, all else being equal. Notably, institutional control measures may not have succeeded in restraining the expansion of state and local public debt in the presence of greater levels of corruption. State and local governments would achieve more efficient levels of fiscal discipline by curbing public sector corruption.

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References

1995Corruption and Growth 1999Why do Some Countries Produce So Much More Output Per Worker than Others?1993Corruption 1998Measuring Citizen and Government Ideology in the American States, 1960-93 1990A Positive Theory of Fiscal Deficits and Government Debt 1998Corruption and the composition of government expenditure 1989Why a Stubborn Conservative would Run a Deficit: Policy with Time- Inconsistent Preferences 1997The Unofficial Economy in Transition

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