Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/246009 
Year of Publication: 
2021
Series/Report no.: 
CREMA Working Paper No. 2021-26
Publisher: 
Center for Research in Economics, Management and the Arts (CREMA), Zürich
Abstract: 
The ambiguous phenomenon of corruption has long been the cause of great theoretical debate in economics. By using Structural Equation Modelling, with the two types of corruption as a latent variable, this paper employs causal and indicative variables specific to the Latin American region to test for rent seeking and systemic corruption in the period between 1980-2018. The findings provide evidence for two types of corruption, one generated by greed, and the other a solution to market failures. Such results support the view that corruption encompasses a complex set of social behaviours.
Subjects: 
Rent Seeking Corruption
Systemic Corruption
Shadow Economy
Latin America
JEL: 
D73
H3
K42
O17
O5
Document Type: 
Working Paper

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