Corruption in a neoclassical growth model with a non-convex production function |
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Authors: | Matheus Wemerson Gomes Pereira Wilson da Cruz Vieira |
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Institution: | 1.Department of Agricultural Economics,Federal University of Vi?osa,Vi?osa,Brazil |
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Abstract: | In this article, we analyze the bureaucrats’ corruption problem in a simple neoclassical growth model with a non-convex production
function. In this model, we consider direct relations between product (income) taxation and corruption, and between corruption
and public goods provision. As the main result, we show that the optimal consumption growth path in this economy is higher
in a non-corrupt environment than in a corrupt environment and the higher the proportion of corrupt bureaucrats, the higher
the cost of corruption to society. |
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Keywords: | |
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