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. It combines macroeconomic growth models with political economic theory to address topics such as income inequality, growth slowdowns, and fiscal crises. The second edition includes new research findings and policy discussions, and offers updated resources for instructors.

Format: Paperback / softback
Length: 345 pages
Publication date: 22 April 2022
Publisher: Springer Nature Switzerland AG

This comprehensive textbook delves into the intricate relationship between corruption, fiscal policy, and political economy, employing a macroeconomic lens. By seamlessly integrating macroeconomic growth models with elements of political economic theory, it addresses vital applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. In its revised and updated second edition, this text incorporates fresh research findings and recent policy discussions, including 15 new sections and 2 new chapters on topics such as public defaults, the wage elasticity of work and the interest elasticity of saving, and the economic and fiscal impact of the 2020 pandemic.

To elucidate the core concepts, the book employs a two-period model of government investment, capturing the future costs of policies that favor the present. For more nuanced and advanced discussions, the overlapping-generations model of economic growth is utilized, providing quantitative insights into the mechanisms of economic growth. Furthermore, the models are extended to incorporate politics and the behavior of public officials, offering a holistic understanding of the dynamics at play.

The text concludes with a comprehensive examination of policy reforms aimed at addressing the issues discussed in earlier chapters. Designed for students with a solid foundation in intermediate-level economics, the second edition features a technical appendix, expanded end-of-chapter questions and problems, and a comprehensive solutions manual. Additionally, instructors will find valuable resources, including sample syllabi and over 550 multiple-choice questions, to enhance their teaching experience.

With its unified explanation of government failure, fiscal crisis, and the necessary policy reforms, this textbook is an essential resource for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and related fields. By exploring the complex interplay.

Weight: 545g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030675592
Edition number: 2nd ed. 2021