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| Author: | Bo, E. D. Rossi, M. A. |
| Title: | Corruption and inefficiency: theory and evidence from electric utilities |
| Journal: | Journal of Public Economics
2007 : JUN, VOL. 91:5-6, p. 939-962 |
| Index terms: | corruption electricity efficiency |
| Language: | eng |
| Abstract: | This article explores the determinants of the efficiency of the firms with focus on the role of corruption. The authors construct a simple theoretical model where corruption increases the factor requirements of firm because it diverts managerial effort away from factor coordination. They found that more corruption in the country is strongly associated with more inefficient firms, in the sense that they employ more inputs to produce a given level of output. Finally, other elements associated with inefficiency are public ownership, inflation, and lack of law and order, but the role of corruption appears to be separate and more robust. |
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