| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP4045
|
| DP4045 The Changing Distribution of Male and Female Wages, 1978-2000: Can the Simple Skills Story be Rejected? |
| Amanda Gosling
|
| 发表日期 | 2003-09-23
|
| 出版年 | 2003
|
| 语种 | 英语
|
| 摘要 | We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in equilibrium, are shown to be negatively correlated. Richer countries tend to be less corrupt, and corrupt economies tend to be poorer. This observation gives rise to the following puzzle: if poorer countries do indeed experience higher levels of corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries, who were poor once, become rich? Our answer is simple. In the past, economies were mostly ?closed? in the sense that it was difficult to transfer illicit money outside of the economy. In contrast, today?s economies are mostly open. In the relatively closed economies of the 19th century, the gains from corruption remained inside the country and became part of the economy?s productive capital. In contrast, in today?s open economies, corrupt agents smuggle stolen money abroad depleting their country?s stock of capital. We confirm this intuitive explanation by testing the hypothesis that the effect of corruption on wealth depends on the economy?s degree of openness using cross-country data. |
| 主题 | Public Economics
|
| 关键词 | Corruption
Growth
Openness
|
| URL | https://cepr.org/publications/dp4045
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533021
|
推荐引用方式
GB/T 7714 |
Amanda Gosling. DP4045 The Changing Distribution of Male and Female Wages, 1978-2000: Can the Simple Skills Story be Rejected?. 2003.
|
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