The Welfare Costs of Corruption

Übernahme per Copy & Paste
Bibtex-Export
Endnote-Export

[Zeitschriftenartikel]

Welsch, Heinz

(565 KByte)

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-240366

Abstract	Corruption has been shown to affect a variety of economic indicators, especially GDP per capita. However, as GDP is not a genuine indicator of welfare, it may reflect the welfare costs of corruption only in an incomplete way. This paper uses self-rated subjective well-being as an empirical approximation to general welfare and shows that cross-national welfare - operationalized in this way - is affected by corruption not only indirectly, through GDP, but also directly, through non-material factors. The paper estimates the size of these effects as well as their monetary equivalent. The direct effect - not previously investigated in the corruption literature - is found to be substantially larger than the indirect effect.
Sprache Dokument	Englisch
Publikationsjahr	2008
Seitenangabe	S. 1839-1849
Zeitschriftentitel	Applied Economics, 40 (2008) 14
DOI	http://dx.doi.org/10.1080/00036840600905225
Status	Postprint; begutachtet (peer reviewed)
Lizenz	PEER Licence Agreement (applicable only to documents from PEER project)