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eBook details

• Title: Corruption and Business Uncertainty in Indonesia.
• Author : ASEAN Economic Bulletin
• Release Date : January 01, 2006
• Genre: Business & Personal Finance,Books,
• Pages : * pages
• Size : 304 KB

Description

I. Introduction The word corruption has been used in many ways with differing connotations. In the economic context, however, it refers mainly to the use of public office for private gain (Shleifer and Vishny 1993). Even with this "narrow" definition, ambiguities still persist. The distinction between political and economic corruption is also still blurred. In particular, whether striving for private gains also include policies purposely designed to increase the chances of staying in office is still debatable (Bardhan 1997). Given its elusive nature and definitional ambiguities, it has been a challenging task for economists to predict the economic impact of corruption. The debate on corruption has definitely not been settled.

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