Government Corruption

Essay specific features

 

Issue:

History

 

Written by:

Jennifer W

 

Date added:

June 1, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 980

 

Was viewed:

1227 times

 

Rating of current essay:

 
Essay content:

The classic example of a government restriction resulting in rents and rent-seeking behavior is that of an import quota and the associated licenses that civil servants give to those entrepreneurs willing to pay bribes. More recently, researchers have begun to test some of these long-established theoretical hypotheses using new cross-country data...
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Indices produced by private rating agencies grade countries on their levels of corruption, typically using the replies to standardized questionnaires by consultants living in those countries. The replies are subjective, but the correlation between indices produced by different rating agencies is very high, suggesting that most observers more or less agree on how corrupt countries seem to be...
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