Assessing the effects of corruption and crime on firm performance: evidence from Latin America |
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| Institution: | 1. University of Texas Rio Grande Valley, Edinburg, TX, United States of America;2. University of Tennessee at Chattanooga, Chattanooga, TN, United States of America;3. Morgan State University, Baltimore, MD, United States of America;4. University of Texas at El Paso, El Paso, TX, United States of America;1. Centre for the Health Economy, Macquarie University, NSW, Australia;2. Department of Economics, Monash University, VIC, Australia;1. University of Leicester, United Kingdom;2. Queen Mary University of London, United Kingdom;3. CEP (LSE), United Kingdom;4. CEPR, United Kingdom;5. IZA, Germany |
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| Abstract: | This paper uses a survey of private firms to assess the effects of corruption on the economic prospects of firms. The paper studies whether corruption and crime affect sales, investment and employment growth at the firm level, and whether bribes and illegal payments by firms reduce bureaucratic interference. The paper finds that corruption and crime substantially reduce sales growth and that the reported levels of corruption and bureaucratic interferences are positively correlated at the firm level. Overall, the results of the paper suggest that corruption and crime substantially reduce firm competitiveness and that corruption is unlikely to have any positive effects. |
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