2006•Unpublished venueRequires access

Corruption and Development

Jean‐Jacques Laffont

Abstract

Abstract This essay explores why corruption is so widespread in developing countries. It is organized into three sections. The first section argues that a theory of corruption is needed in order to answer this question. The second section presents a theory linking corruption and development. The third section empirically documents the correlation between development and corruption.

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Key concepts: Language change, Section (typography), Political science, Order (exchange), Development (topology), Law and economics, Positive economics, Development theory