Claiming that recent years have witnessed a phenomenal breadth in economists' ability to measure corruption, the authors say this has led to a new generation of well-identified microeconomic studies.
They make no bones about stating that while there exists ‘robust evidence' that corruption responds to standard economic incentive theory, effects of anti-corruption policies often ‘attenuate as officials find alternate strategies to pursue rents'.
Monday, September 19, 2011
Ill-effects of corruption
In the Business Line article, 'Ill-effects of corruption', discusses WAPPP faculty adviser Rohini Pande's paper on corruption.