Corruption and innovation
Abstract: In this article, the author illustrates how corruption can affect an industry's rate of innovation. An interesting result of analysis is that, under certain parameter ranges, small increases in the penalties to corruption or the effectiveness of detection can result in large increases in product innovation.
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2008/ep_1qtr2008_part3_veracierto.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2008
Issue: Q I