The Persistence of Corruption and Slow Economic Growth by Paolo Mauro IMF Staff Papers, Vol. 51, No. 1, 2004
Central Bank of Nigeria
Corruption, Economic Growth
The author listed two classical corruption practice that has impeded on economic growth i.e. (i) the individual bureaucrat who allocates his labour services between productive activity and theft of government resources in a classical case of portfolio adjustment and (ii) the corrupt politician who sets a bribe collection system (a bribe rate) with the maximization of utility as his goal vis-Ã -vis similar decisions by fellow politicians.
CBN Economic and Financial Review
Musa, A. U. (2007). The Persistence of Corruption and Slow Economic Growth by Paolo Mauro IMF Staff Papers: A Review. CBN Economic and Financial Review. 45(1), 79-84.