01711cas a2200241 a 4500 AALejournalIMF008345 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874952 1018-5941 BD-DhAAL BD-DhAAL Mauro, Paolo. The Persistence of Corruption and Slow Economic Growth / Paolo Mauro. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students There is increasing recognition that corruption has substantial, adverse effects on economic growth. But if the costs of corruption are so high, why don't countries strive to improve their institutions and root out corruption? Why do many countries appear to be stuck in a vicious circle of widespread corruption and low economic growth, often accompanied by ever-changing governments through revolutions and coups? A possible explanation is that when corruption is widespread, individuals do not have incentives to fight it even if everybody would be better off without it. Two models involving strategic complementarities and multiple equilibria attempt to illustrate this formally. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/213 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/213/001.2002.issue-213-en.xml IMF e-Library