Roads to Nowhere : How Corruption in Public investment Hurts Growth.

In some countries, corrupt politicians appear to choose investment projects based on the opportunity for bribes and kickbacks these projectspresent. This paper contends that such corruption increases the numberof capital projects undertaken and trends to enlarge their size andcomplexity. The result...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1998.
Series:Economic Issues; Economic Issues ; No. 1998/001
Acceso en liña:Full text available on IMF
Descripción
Summary:In some countries, corrupt politicians appear to choose investment projects based on the opportunity for bribes and kickbacks these projectspresent. This paper contends that such corruption increases the numberof capital projects undertaken and trends to enlarge their size andcomplexity. The result is that, paradoxically, some public investmentcan end up reducing a country's growth.
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Descrición Física:1 online resource (15 pages)
Formato:Mode of access: Internet
ISSN:1020-5098
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