Government efficiency and economic growth.(RESEARCH NOTE)
Publication Date: 01-AUG-07
Publication Title: International Advances in Economic Research
Format: Online
Author: Yeh, Chiou-nan ; Vaughn, Percy J., Jr.

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Description

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

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



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