Corruption, inflation and growth

Keith Blackburn; Jonathan Powell

doi:10.1016/j.econlet.2011.06.015

Corruption, inflation and growth

Keith Blackburn, Jonathan Powell

School of Economics, Finance and Accounting

Research output: Contribution to journal › Article › peer-review

27 Citations (Scopus)

167 Downloads (Pure)

Abstract

We present a model in which the embezzlement of tax revenues by public officials leads the government to rely more on seigniorage to finance its expenditures. This raises inflation which depresses investment and growth via a cash-in-advance constraint.

Original language	English
Pages (from-to)	225-227
Number of pages	3
Journal	Economics Letters
Volume	113
Issue number	3
Early online date	23 Jul 2011
DOIs	https://doi.org/10.1016/j.econlet.2011.06.015
Publication status	Published - Dec 2011

Bibliographical note

Keywords

Corruption
Inflation
Seigniorage
Growth

ASJC Scopus subject areas

Economics and Econometrics

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10.1016/j.econlet.2011.06.015

Post-printSubmitted manuscript, 571 KBLicence: CC BY-NC-ND

Cite this

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title = "Corruption, inflation and growth",

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KW - Seigniorage

KW - Growth

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DO - 10.1016/j.econlet.2011.06.015

M3 - Article

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JF - Economics Letters

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IS - 3

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Corruption, inflation and growth

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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Cite this