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Government efficiency and economic growth.(RESEARCH NOTE)

Publication: International Advances in Economic Research
Publication Date: 01-AUG-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
JEL O10

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Most economists argue that malfunctioning government institutions constitute a severe obstacle to investment, entrepreneurship, and innovation. Cumbersome and dishonest bureaucracies may delay the distribution of permits and licenses, thereby slowing down the by in...

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...process which technological advances become embodied new equipment or new productive process.

Economists found more negative impacts of corruption on investment and growth: corruption affects firms'...

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