Curbing corruption has long been recognized as crucial to the success of policy actions. An extensive body of literature has by now documented the adverse effect of corruption on growth and investment (Mauro, 1995 and Kaufman et al., 1999), on the allocation of public spending on education and health (Mauro, 1997), and, more generally, on the efficient allocation of resources (Krueger, 1974). In....
I. Introduction II. Existing literature III. Estimation Method IV. Data Description V. Empirical Results...
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