Does corruption affect income inequality and poverty? /
Saved in:
Author / Creator: | Gupta, Sanjeev, author. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Department, 1998. |
Description: | 1 online resource (41 pages) : illustrations. |
Language: | English |
Series: | [IMF working paper ; WP/98/76] IMF working paper ; WP/98/76. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496588 |
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050 | 4 | |a HG3881.5.I58 |b W67 no.98/76 | |
100 | 1 | |a Gupta, Sanjeev, |e author. |0 http://id.loc.gov/authorities/names/n82038393 | |
245 | 1 | 0 | |a Does corruption affect income inequality and poverty? / |c prepared by Sanjeev Gupta, [Hamid Davoodi, Rosa Alonso-Terme]. |
264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, Fiscal Affairs Department, |c 1998. | |
300 | |a 1 online resource (41 pages) : |b illustrations. | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
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490 | 1 | |a [IMF working paper ; |v WP/98/76] | |
504 | |a Includes bibliographical references (pages 37-41). | ||
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533 | |a Electronic reproduction. |b [S.l.] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
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588 | 0 | |a Print version record. | |
520 | |a Government officials may use their authority for private gain in designing and implementing public policies. This phenomenon-defined broadly as corruption (Tanzi, 1997a)-may result in enriching these officials as well as private individuals who obtain a larger share of public benefits or bear a lower share of public costs. In this way, corruption distorts the government's role in resource allocation. It has been argued (Tanzi, 1995) that the benefits from corruption are likely to accrue to the better-connected individuals in society, who belong mostly to high-income groups. Thus, corruption would affect not only broad macroeconomic variables, such as investment and growth, but also income distribution. It has been further contended that corruption increases poverty by creating incentives for higher investment in capital-intensive projects and lower investment in labor-intensive projects (United Nations Development Programme, 1997). Such a bias in investment strategy deprives the poor of income-generating opportunities. This paper demonstrates that high and rising corruption increases income inequality and poverty by reducing economic growth, the progressivity of the tax system, the level and effectiveness of social spending, and the formation of human capital, and by perpetuating an unequal distribution of asset ownership and unequal access to education. These findings hold for countries with different growth experiences, at different stages of development, and using various indices of corruption. An important implication of these results is that policies that reduce corruption will also lower income inequality and poverty. | ||
546 | |a English. | ||
650 | 0 | |a Political corruption. |0 http://id.loc.gov/authorities/subjects/sh85033057 | |
650 | 0 | |a Income distribution. |0 http://id.loc.gov/authorities/subjects/sh85064765 | |
650 | 0 | |a Poverty. |0 http://id.loc.gov/authorities/subjects/sh85105939 | |
650 | 0 | |a Corruption. |0 http://id.loc.gov/authorities/subjects/sh94002193 | |
650 | 2 | |a Poverty |0 https://id.nlm.nih.gov/mesh/D011203 | |
650 | 6 | |a Corruption. | |
650 | 6 | |a Revenu |x Répartition. | |
650 | 6 | |a Pauvreté. | |
650 | 6 | |a Corruption (Politique) | |
650 | 7 | |a poverty. |2 aat | |
650 | 7 | |a Corruption. |2 fast |0 (OCoLC)fst01352550 | |
650 | 7 | |a Income distribution. |2 fast |0 (OCoLC)fst00968670 | |
650 | 7 | |a Political corruption. |2 fast |0 (OCoLC)fst01069240 | |
650 | 7 | |a Poverty. |2 fast |0 (OCoLC)fst01074093 | |
655 | 4 | |a Electronic books. | |
700 | 1 | |a Davoodi, Hamid Reza, |e author. |0 http://id.loc.gov/authorities/names/no97045230 | |
700 | 1 | |a Alonso Terme, Rosa Maria, |d 1965- |e author. |0 http://id.loc.gov/authorities/names/no98092494 | |
710 | 2 | |a International Monetary Fund, |e issuing body. |0 http://id.loc.gov/authorities/names/n81052755 | |
710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department. |0 http://id.loc.gov/authorities/names/n81027435 | |
776 | 0 | 8 | |i Print version: |a Gupta, Sanjeev. |t Does corruption affect income inequality and poverty? |d [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., ©1998 |w (OCoLC)39305461 |
830 | 0 | |a IMF working paper ; |v WP/98/76. |0 http://id.loc.gov/authorities/names/no89010263 | |
856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/1998/076/001.1998.issue-076-en.xml |y INTERNATIONAL MONETARY FUND |
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