The Economics of Corruption and Bureaucratic Inefficiency in Weak States Theory and Evidence |
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Author:
| González Morales, Luis Gerardo |
Series title: | Kollektive Entscheidungen, Wirtschaftspolitik und öffentliche Finanzen Ser. |
ISBN: | 978-3-631-51136-7 |
Publication Date: | May 2003 |
Publisher: | Peter Lang GmbH, Internationaler Verlag der Wissenschaften
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Book Format: | Paperback |
List Price: | AUD $88.95 |
Book Description:
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This monograph surveys recent developments in the political economy literature addressing the incentive problems of political decision making, and helps to understand the causes of corruption and bureaucratic inefficiency in countries that lack a constitutional order. Using a principal-agent theoretical framework, the author shows how corruption and patronage may reduce political instability, thus enabling governments in weak states to provide public goods which would otherwise be...
More DescriptionThis monograph surveys recent developments in the political economy literature addressing the incentive problems of political decision making, and helps to understand the causes of corruption and bureaucratic inefficiency in countries that lack a constitutional order. Using a principal-agent theoretical framework, the author shows how corruption and patronage may reduce political instability, thus enabling governments in weak states to provide public goods which would otherwise be missing, even though such an institutional arrangement is usually self-defeating in the long run. The theoretical results are used to offer a stylized interpretation of the political history of the Mexican state.