Premium
CORRUPTION, THE GOVERNMENT AND THE PRIVATESECTOR : WHY IT MATTERS AND WHAT CAN BE DONE
Author(s) -
Senior Ian
Publication year - 2004
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2004.00469.x
Subject(s) - language change , investment (military) , government (linguistics) , work (physics) , state (computer science) , private sector , business , economics , public economics , political science , law , economic growth , engineering , computer science , politics , literature , mechanical engineering , art , linguistics , philosophy , algorithm
The author proposes a definition of corruption which requires five conditions to be satisfied simultaneously. The definition is applicable to both the state and private sectors. Empirical work shows that corrupt countries receive less inward investment, pay higher interest on borrowings and achieve lower rates of investment overall. Ways of combating corruption are suggested.