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The macroeconomics of corruption : governance and growth

Author: Maksym Ivanyna; Alex Mourmouras; Peter Rangazas
Publisher: Cham : Springer, [2018]
Series: Springer texts in business and economics
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. The book merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Most of the basic ideas are illustrated using a  Read more...
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Additional Physical Format: Printed edition:
(OCoLC)1030915946
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Maksym Ivanyna; Alex Mourmouras; Peter Rangazas
ISBN: 9783319686660 3319686666
OCLC Number: 1017842761
Description: 1 online resource (XII, 304 pages) : 13 illustrations, 9 illustrations in color
Contents: Chapter 1: Introduction --
Chapter 2: Two-Period Model of Government Investment --
Chapter 3: Politics and Corruption in the Two-Period Model --
Chapter 4: Overlapping-Generations (OLG) Model of Growth --
Chapter 5: Corruption and Tax Evasion in the OLG Model --
Chapter 6: Corruption and Debt in the OLG Model --
Chapter 7: The Political Economy of Policy Reforms --
Chapter 8: Conclusions --
Technical Appendix.
Series Title: Springer texts in business and economics
Responsibility: Maksym Ivanyna, Alex Mourmouras, Peter Rangazas.

Abstract:

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy.  Read more...

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The book merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present (Chapters 2-3). The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth (Chapters 4-6). The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public officials (Chapters 3, 5-7). The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the book contains a technical appendix, including detailed explanations of each model, end-of-chapter questions and problems, and a complete solutions manual, making it ideal for self-study. 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