Méon, Pierre-Guillaume; Weill, Laurent - Solvay Brussels School of Economics and Management, … - 2010
This paper tests whether corruption may be an efficient grease in the wheels of an otherwise deficient institutional … framework. It analyzes the interaction between aggregate efficiency, corruption, and other dimensions of governance for a panel … of 69 countries, both developed and developing. Using two measures of corruption and two other aspects of governance, we …