Growth and welfare effects of corruption penalties

• Tipo: Artigo em Revista Científica Internacional
• Data: 2022

Autores

Óscar Afonso (Autor) FEP; Bandeira, AM (Autor) Outra; Lima, PG (Autor) Outra

Revista

Título: Economic Systems

Vol. 46 Nº 3

ISSN: 0939-3625

Editora: Elsevier

Indexação

ISI Web of Knowledge - 1 Citação

Scopus - 1 Citação

Outras Informações

ID Authenticus: P-00X-16C

DOI: 10.1016/j.ecosys.2022.101004

Abstract (EN): This paper analyses the steady-state effect of business corruption penalties on economic growth, corruption and welfare. To that end, the baseline horizontal R&D growth model is extended to include corruption, which is generated in intermediate goods production. Taxation on corruption depresses profits in production but also wages, leading to labor being reallocated from production to R&D, and, therefore, to a higher economic growth rate. Moreover, it also reduces corruption and increases welfare if preferences towards a corruption-free environment are strong enough. The results are in line with the data observed for 15 EU countries.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 13