Roads to nowhere : how corruption in public investment hurts growth / Vito Tanzi, Hamid Davoodi
Material type:
- 1557757100
- 9781557757104
- How corruption in public investment hurts growth
- COM\Ga T.V.R 2000
Item type | Current library | Call number | Status | Barcode | |
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CRCICA Library Library | COM\Ga T.V.R 2000 (Browse shelf(Opens below)) | Available | 4829 |
"Draws on material originally contained in [the authors'] IMF Working Paper 97/139 'Corruption, Public Investment, and Growth'"--Pref
"March 1998"--T.p. verso
Also available online from the IMF web site
This paper contends that such corruption increases the number of capital projects undertaken and tends to enlarge their size and complexity. The result is that, paradoxically, some public investment can end up reducing a country's growth because, even though the share of public investment in gross domestic product (the total of all goods and services produced in a country in a given year) may have risen, the average productivity of the investment has dropped
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