@misc{6679a288cad54113b97a991246e04d4b,
title = "Does Size Matter? Corruption, Scale and Uncertainty",
abstract = "We study the role of the size of the economy in mitigating the impact of public sector corruption on economic development. The analysis is based on a dynamic general equilibrium model in which growth occurs endogenously through the invention of new intermediate goods that are used in the production of output. Potential innovators decide to enter the market considering the fraction of future profits that may be lost to corruption. We find that depending on the predictability of bribes, the size of the economy may be an important factor in determining the effects of corruption on innovation and economic growth.",
author = "Forgues-Puccio, {Gonzalo F} and Okumu, {Ibrahim Mike}",
note = "The paper was invited to revise and resubmit by the Journal of Economic Behaviour and Organisation in December 2012.",
year = "2012",
month = jul,
language = "English",
series = "CDMA Discussion Paper",
publisher = "University of St Andrews",
number = "1207",
type = "Other",
}
