Roads to Nowhere: How Corruption in Public investment Hurts Growth

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233 citations0/0 files storedEconomic issues

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Corruption and Economic Development Natural Resources and Economic Development Fiscal Policy and Economic Growth

Abstract

In some countries, corrupt politicians appear to choose investment projects based on the opportunity for bribes and kickbacks these projectspresent. This paper contends that such corruption increases the numberof capital projects undertaken and trends to enlarge their size andcomplexity. The result is that, paradoxically, some public investmentcan end up reducing a country's growth.

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2000Anti-Corruption Policies and Programs: A Framework for Evaluation 2013Corruption and growth: The role of governance, public spending, and economic development 2008Growth, public investment and corruption with failing institutions 2002Hiding in the Shadows: The Growth of the Underground Economy 2018Decentralization, Governance and Public Services: The Impact of Institutional Arrangements 2021The Average and Heterogeneous Effects of Transportation Investments: Evidence from Sub-Saharan Africa 1960–2010 1994Tax Policy in Developing Countries 2017Public-Private Partnerships

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