Growth and welfare effects of corruption penalties

Detalhes bibliográficos
Autor(a) principal: Afonso, Oscar
Data de Publicação: 2022
Outros Autores: Bandeira, Ana M., Lima, Pedro G.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.22/21898
Resumo: 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.
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spelling Growth and welfare effects of corruption penaltiesHorizontal growth modelCorruptionConsumer’s welfareThis 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.Repositório Científico do Instituto Politécnico do PortoAfonso, OscarBandeira, Ana M.Lima, Pedro G.2023-01-26T13:36:40Z20222022-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.22/21898eng10.1016/j.ecosys.2022.101004metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-13T13:18:15Zoai:recipp.ipp.pt:10400.22/21898Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:41:59.670190Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Growth and welfare effects of corruption penalties
title Growth and welfare effects of corruption penalties
spellingShingle Growth and welfare effects of corruption penalties
Afonso, Oscar
Horizontal growth model
Corruption
Consumer’s welfare
title_short Growth and welfare effects of corruption penalties
title_full Growth and welfare effects of corruption penalties
title_fullStr Growth and welfare effects of corruption penalties
title_full_unstemmed Growth and welfare effects of corruption penalties
title_sort Growth and welfare effects of corruption penalties
author Afonso, Oscar
author_facet Afonso, Oscar
Bandeira, Ana M.
Lima, Pedro G.
author_role author
author2 Bandeira, Ana M.
Lima, Pedro G.
author2_role author
author
dc.contributor.none.fl_str_mv Repositório Científico do Instituto Politécnico do Porto
dc.contributor.author.fl_str_mv Afonso, Oscar
Bandeira, Ana M.
Lima, Pedro G.
dc.subject.por.fl_str_mv Horizontal growth model
Corruption
Consumer’s welfare
topic Horizontal growth model
Corruption
Consumer’s welfare
description 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.
publishDate 2022
dc.date.none.fl_str_mv 2022
2022-01-01T00:00:00Z
2023-01-26T13:36:40Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.22/21898
url http://hdl.handle.net/10400.22/21898
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1016/j.ecosys.2022.101004
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