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Наименование:

Corruption. An Analysis of its Effects on Output, Investments and Economic Growth

Автор:   Ernst C.
мягкая обложка
120 страниц
2009 год
Издательство:   Книга по Требованию
Цена:
1994 руб
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Описание:Nonlinear least squares estimates of the elasticities of physical and human capital, with the inclusion of the corruption index, confirm that the productivity of inputs is impacted. OLS results of the closed-form solutions not only support this theoretical finding for a full cross-section of countries, but they also reveal that corruption may have a positive concave effect on economic variables for the OECD sample. Using the Granger test on paneldata of corruption and national accounts for 58 countries, the author investigates causality. The author analyzes the real effects of corruption on a firm' s production function. Using an augmented- Solow Growth model, with multifactor productivity as a function of corruption, a closed-form solution is derived for real GDP per capita, economic growth and physical capital per capita, at steady-state. With the a priori assumption of a negative relationship between corruption and multifactor productivity, it is shown that corruption negates a society' s standard of living, economic growth and investment level.


Orthomol Immun Junior Сила иммунитета на страже Вашего ребенка Orthomol Immun Junior Сила иммунитета на страже Вашего ребенка

2990 руб
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When China Rules the World

The feel-good factor, and a concomitant mood of confidence that has been engendered, is clear from Figure 22. The uncertainties of 1989 are now a distant memory. The nature of the Party’s support and legitimacy has changed in the process: this is no longer primarily a function of ideology but depends increasingly on its ability to deliver economic growth. In that sense, China has come to resemble other East Asian developmental states, though in all these cases, as discussed in Chapter 5, the nature of governmental authority is also deeply embedded in the culture. Even though support for the Communist Party is now more contingent, there is little cause to believe that it is fragile or vulnerable. On the contrary, it is reasonable to presume that its rule is rather more secure than it has been at any time since the death of Mao, which is not surprising given its success as a governing party, and is reflected in the fact that over the last decade 20 million people have applied to join annually, even though only 2 million have been admitted each year ...»

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