The Macroeconomics of Corruption Governance and Growth
This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. The book merges macroeconomic growth models with elements of political economic theory to address importan
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Maksym Ivanyna Alex Mourmouras Peter Rangazas
The Macroeconomics of Corruption Governance and Growth
Springer Texts in Business and Economics
More information about this series at http://www.springer.com/series/10099
Maksym Ivanyna • Alex Mourmouras Peter Rangazas
The Macroeconomics of Corruption Governance and Growth
Maksym Ivanyna Joint Vienna Institute Vienna, Austria
Alex Mourmouras Washington, DC, USA
Peter Rangazas IUPUI Economics, CA 518 Indianapolis, IN, USA
The password protected Solutions Manual is available online at http://www.springer.com/us/book/9783319686653. ISSN 2192-4333 ISSN 2192-4341 (electronic) Springer Texts in Business and Economics ISBN 978-3-319-68665-3 ISBN 978-3-319-68666-0 (eBook) https://doi.org/10.1007/978-3-319-68666-0 Library of Congress Control Number: 2017954933 # Springer International Publishing AG 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
This book examines the reasons why governments fail to live up to their responsibilities or worse engage in outright corruption. We focus on the quality of governance because of its importance in real-world policy making and because it serves to motivate the development and application of macroeconomic models of political economy. The book can be viewed as macroeconomic theory mixed with applied fiscal policy analysis. We especially concentrate on the tendencies of the government to burden future generations rather than invest in them and the consequences that this has for long-run economic growth. We present the underlying theories in a serious but self-contained fashion, accessible to anyone who has a background in intermediate-level m
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