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Federal Reserve Bank of Chicago
Economic Perspectives
Corruption and innovation
Marcelo Veracierto

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.

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Marcelo Veracierto, "Corruption and innovation" , Federal Reserve Bank of Chicago, Economic Perspectives, issue Q I, pages 29-39, 2008.
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Keywords: Corruption ; Technological innovations
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