Corruption and Growth in a Dynamic General Equilibrium Model

Wei-Bin Zhang
Additional contact information
Wei-Bin Zhang: Ritsumeikan Asia Pacific University, Japan

European Journal of Marketing and Economics Articles, 2024, vol. 7

Abstract: This study introduces some new perspectives of bureaucratic corruption into the dynamic general equilibrium theory recently proposed by Zhang. The main concern of our study is the role of corruption on economic growth and income and wealth distribution between the officials and workers. The economy is composed of the industrial sector and public sector. The population is classified into officials and workers. Corruption takes places through many channels. Officials take brides from producers and households. The model describes dynamic interactions of growth, corruption with fixed tax rate and corruption rates. We simulate the model to demonstrate existence of equilibrium and motion of the dynamic system. We also examine effects of changes in different parameters on the motion of the economic system.

Keywords: corruption rate on wealth; corruption rate on wage income; corruption rate on output; economic growth; endogenous labor supply (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://revistia.com/index.php/ejme/article/view/3501 (text/html)
https://revistia.com/files/articles/ejme_v7_i3_24/Zhang.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eur:ejmejr:172

Access Statistics for this article

More articles in European Journal of Marketing and Economics Articles from Revistia Research and Publishing
Bibliographic data for series maintained by Revistia Research and Publishing ().