This study investigates the impact of corruption on public and private investment in African countries as a way of exploring one channel through which corruption undermines growth. The empirical results indicate that corruption affects economic growth directly and through its impact on investment. We find that corruption has a negative and significant effect on domestic investment and that corr...

Corruption poses one of the major societal challenges of our time. Considerable advances have been made in understanding corruption on a macro level, yet the psychological antecedents of corrupt behavior remain largely unknown. In order to explain why some people engage in corruption while others do not, we explored the impact of descriptive social norms on corrupt behavior by using a novel beh...

About the P About the P About the P About the P About the Policy Briefs olicy Briefs olicy Briefs olicy Briefs olicy Briefs This year the Crawford School of Economics and Government established an exciting series of Policy Briefs that provide three opinion pieces by researchers on a particular theme or topic. These briefs are designed to provide introductions into key public policy areas that a...

In just a few months in early 1997, Mexico fired its top drug-enforcement official for accepting bribes and ultimately closed the agency because it was so ridden with corruption; Ukraine’s president once again declared war on corruption; Chinese Prime Minister Li Peng lamented that his country was losing ground in its war on corruption; President Kim Young Sam deplored endemic corruption in Sou...

Abstract Corruption and anti-corruption efforts are intertwined with political economic concerns. From an perspective, as the government strives to enhance its governance capabilities, it becomes crucial consider costs of supervision losses incurred from corruption. This evaluation is essential for formulating a scientifically sound strategy that maximizes benefits. To address this issue, paper...

The present study adds a further link to the chain of studies on corruption and capital flows. It is argued here that not only does corruption reduce foreign direct investment inflows to a country, but also different forms of corruption have separately identifiable effects on the variable in question. Using data from Global Competitiveness report of the World Economic Forum, it is manifested in...

This paper discusses the issue of perceptions and their influence on economic processes focusing on corruption perception. The higher the perceived corruption in an organization is, the more probable it is that a person dealing with that organization would offer a bribe, thus supporting corruption. Since corruption perceptions are rarely based on actual experience, they might describe reality i...

Corruption is one of the big challenges to society in the 21 century. There are several reasons that give rise to this claim. First, as explained above, this is a transnational governance challenge that is very diffi cult for any government to tackle ( Rasche, 2012, p. 679; Scherer & Palazzo, 2008, p. 423). Second, corruption is a phenomenon that is diffi cult to grasp as it occurs in so many d...