01601cas a2200241 a 4500 AALejournalIMF009396 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867824 1018-5941 BD-DhAAL BD-DhAAL Yehoue, Etienne. Ethnic Diversity, Democracy, and Corruption / Etienne Yehoue. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (22 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 I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic society. Extending the model into a dynamic framework, I find that this technology of extraction operates only at the early stage of democracy. Its impact tends to phase out as democracy matures. In other words, the model predicts that democracy exhibits a threshold effect on corruption. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/218 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/218/001.2007.issue-218-en.xml IMF e-Library