Roads to nowhere : how corruption in public investment hurts growth / Vito Tanzi, Hamid Davoodi.
Material type: TextSeries: Economic issues (International Monetary Fund) ; 12.Publication details: Washington, D.C. : International Monetary Fund, 1998.Description: 1 online resource (iii, 12 pages)Content type:- text
- computer
- online resource
- 9781455245550
- 1455245550
- How corruption in public investment hurts growth
- Political corruption
- Public investments -- Corrupt practices
- Expenditures, Public
- Infrastructure (Economics)
- Corruption (Politique)
- Investissements publics -- Pratiques déloyales
- Dépenses publiques
- TRUE CRIME -- General
- Expenditures, Public
- Infrastructure (Economics)
- Political corruption
- Administracao publica
- Crimes e delitos
- 364.1323 22
- HF1351 .E33 v.12eb
- digitized 2010 HathiTrust Digital Library committed to preserve
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"Draws on material originally contained in [the authors'] IMF Working Paper 97/139 'Corruption, Public Investment, and Growth'"--Preface
"March 1998"--Title page verso
This paper contends that such corruption increases the number of capital projects undertaken and tends to enlarge their size and complexity. The result is that, paradoxically, some public investment can end up reducing a country's growth because, even though the share of public investment in gross domestic product (the total of all goods and services produced in a country in a given year) may have risen, the average productivity of the investment has dropped.
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