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Article Dans Une Revue Applied Economics Année : 2008

The Welfare Costs of Corruption

Heinz Welsch
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Résumé

Corruption has been shown to affect a variety of economic indicators, especially GDP per capita. However, as GDP is not a genuine indicator of welfare, it may reflect the welfare costs of corruption only in an incomplete way. This paper uses self-rated subjective well-being as an empirical approximation to general welfare and shows that cross-national welfare - operationalized in this way - is affected by corruption not only indirectly, through GDP, but also directly, through non-material factors. The paper estimates the size of these effects as well as their monetary equivalent. The direct effect - not previously investigated in the corruption literature - is found to be substantially larger than the indirect effect.
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Dates et versions

hal-00582020 , version 1 (01-04-2011)

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Heinz Welsch. The Welfare Costs of Corruption. Applied Economics, 2008, 40 (14), pp.1839-1849. ⟨10.1080/00036840600905225⟩. ⟨hal-00582020⟩

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