Business Intelligence

Corruption, Institutions And Economic Development

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Executive Summary

Many scholarly articles on corruption give the impression that the world is populated by two types of people: the "Sanders" and the "Greasers". The "Sanders" believe that corruption is an obstacle to development, while the "Greasers" believe that corruption can (in some cases) foster development. This paper takes a critical look at these positions. It concludes that the evidence supporting the "Greasing the wheels hypothesis" is very weak and shows that there is no correlation between a new measure of managers' actual experience with corruption and GDP growth.

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