Roads to Nowhere: How corruption in public investment hurts growth
Publication Date:
Mar 01, 1998
Region:
Drawing on cross-country analysis, argues that corruption reduces growth, by increasing public investment while reducing its productivity—increasing investment expenditure, but with lower expenditure on operations and maintenance.
Tanzi, Vito, and Hamid Davoodi. 1998. “Roads to Nowhere: How corruption in public investment hurts growth.” Economic Issues 12. Washington, DC: International Monetary Fund. [#2209]
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