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Economic and Financial Review

Authors

A. U. Musa

Publisher

Central Bank of Nigeria, Research Department

Keywords

Corruption, Economic growth

Abstract

The paper considers that corruption and all aspects of poor governance and weak institutions have significant adverse effects on economic growth and welfare.The paper’s objective is to study, formally, these interactions among the individuals engaged in corruption, and between the individual and the corrupt political class. In doing this, two models involving strategic complementarities that lead to multiple equilibrium were used to show these relationships.

Issue

45

Volume

4

Recommended Citation

Musa, A. U. (2007). The persistence of corruption and slow economic growth: a review. CBN Economic and Financial Review, 45(4), 79-84.

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