Distribution and development in a model of misgovernance |
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Authors: | Keith Blackburn Gonzalo F Forgues-Puccio |
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Institution: | Centre for Growth and Business Cycles Research, Economic Studies, University of Manchester, Manchester M13 9PL, UK |
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Abstract: | This paper presents an analysis of bureaucratic corruption, income inequality and economic development. The analysis is based on a dynamic general equilibrium model in which bureaucrats are appointed by the government to implement a redistributive programme of taxes and subsidies designed to benefit the poor. Corruption is reflected in bribery and tax evasion as bureaucrats conspire with the rich in providing false information to the government. In accordance with empirical evidence, the model predicts a positive relationship between corruption and inequality, and a negative relationship between corruption and development. |
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Keywords: | D31 D73 H26 O11 |
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