The Political Economy of Corruption

In: Routledge Frontiers of Political Economy Ser.

Abstract

Cover -- Half Title -- Series Information -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Contributors -- 1 The Political Economy of Corruption: Some New Perspectives -- 2 The Political Economy of Corruption: On the Link Between Corruption Control and Cronyism -- Corruption Control: Promise and Practice -- How Corruption Control May Exacerbate Corruption: A Model -- Corruption and Policy -- Acknowledgment -- Notes -- References -- 3 Corruption, Institutional Trust and Legitimacy: A Vicious Circle -- Introduction -- The Importance of Trust -- Corruption and Trust -- Trust, Corruption and Compliance -- The Legitimacy Trap in Anti-Corruption Reforms -- Breaking Out of the Legitimacy Trap in Anti-Corruption Reforms -- Conclusion -- References -- 4 Legal Systems and Corruption -- Introduction -- Legal Origins and Corruption -- The Model -- Equilibrium Analysis -- Model With Bribery -- Conclusion -- Notes -- References -- 5 Corruption and Optimal Enforcement -- Introduction -- The Enforcement Problem -- Corruption: Collusion -- Dilution -- Preventing Collusion -- Corruption: Extortion and Harassment -- Fighting Extortion -- Overenforcement? -- Conclusion -- Notes -- References -- 6 A Theory of Joint Evolution of Corruption and Growth -- Introduction -- The Environment -- To Be Or Not to Be Corrupt -- Corruption, Tax Rate, Rate of Return and Capital Dynamics -- Case 1: Absence of Corruption -- Case 2: Full Prevalence of Corruption -- The Joint Evolution of Corruption and Growth -- Conclusion -- Notes -- References -- 7 Corruption and the Financial Sector: An Examination of the Literature -- Introduction -- The Literature -- Sand the Wheels Hypothesis -- Government Ownership of Banks -- Regulation, Intervention and Lack of Supervision -- Insider Trading and Risk-Taking Behaviour -- Non-performing Loans -- Political Connections.