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A Note on Corruption and Public Investment: The Political Instability Threshold

Bohn, Frank (2003) A Note on Corruption and Public Investment: The Political Instability Threshold. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.

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Abstract

This paper studies the government’s public investment decision problem. Above some critical value of political instability, no investment is optimal. The result can also be interpreted as an alternative explanation for some governments’ reluctance in fighting corruption.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: political instability, myopic behavior, public investment, corruption, transition and developing countries.
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jenny Connolly
Date Deposited: 28 Aug 2014 14:22
Last Modified: 28 Aug 2014 14:22
URI: http://repository.essex.ac.uk/id/eprint/8860

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