Advisor(s)
Abstract(s)
Este artigo analisa o efeito da penalização da corrupção existente no seio dos
negócios sobre o crescimento económico, o nível de corrupção e bem-estar
social. Para tal, inclui-se a corrupção no modelo de crescimento endógeno
induzido por progresso técnico horizontal, considerando que a penalização
da corrupção deprime lucros. Esta penalização provoca uma realocação do
trabalho da produção para atividades de R&D pelo que aumenta o progresso
técnico, o crescimento económico e o bem-estar social assim como reduz o
nível de corrupção. Os resultados teóricos estão em conformidade com os
dados observados em 15 países da UE.
This paper analyses the steady-state effect of the business-corruption penalty 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 pro ts in production. However, as profits depend positively on the labor reallocation from production to R&D, whenever there is a labor reallocation to R&D, innovative activity, economic growth, and welfare are improved and corruption is reduced. Results are in line with the data observed for 15 EU countries.
This paper analyses the steady-state effect of the business-corruption penalty 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 pro ts in production. However, as profits depend positively on the labor reallocation from production to R&D, whenever there is a labor reallocation to R&D, innovative activity, economic growth, and welfare are improved and corruption is reduced. Results are in line with the data observed for 15 EU countries.
Description
Keywords
Horizontal growth model Consumer’s welfare Corruption
Citation
Publisher
Edições Húmus