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Roads to nowhere [electronic resource] : how corruption in public investment hurts growth / Vito Tanzi, Hamid Davoodi.

By: Tanzi, Vito.
Contributor(s): Davoodi, Hamid Reza | International Monetary Fund.
Material type: TextTextSeries: Economic issues (International Monetary Fund): 12.Publisher: Washington, D.C. : International Monetary Fund, 1998Description: 1 online resource (iii, 12 p.).ISBN: 9781455245550 (electronic bk.); 1455245550 (electronic bk.).Other title: How corruption in public investment hurts growth.Subject(s): Political corruption | Public investments -- Corrupt practices | Expenditures, Public | Infrastructure (Economics) | Corrupci�on (en pol�itica) | Proyectos de desarrollo econ�omico | Administracao publica | Crimes e delitos | TRUE CRIME / GeneralGenre/Form: Electronic books.Additional physical formats: Print version:: Roads to nowhere.DDC classification: 364.1323 Online resources: EBSCOhost Subject: 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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"Draws on material originally contained in [the authors'] IMF Working Paper 97/139 'Corruption, Public Investment, and Growth'"--Pref.

"March 1998"--T.p. verso.

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.

Description based on print version record.

Mode of access: World Wide Web.

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