Corruption and innovation

Marcelo Veracierto

Economic Perspectives, 2008, vol. 32, issue Q I, 29-39

Abstract: In this article, the author illustrates how corruption can affect an industry's rate of innovation. An interesting result of analysis is that, under certain parameter ranges, small increases in the penalties to corruption or the effectiveness of detection can result in large increases in product innovation.

Keywords: Corruption; technological innovations (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (11)

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