Corruption, endogenous fertility, and growth

While much research in economic development has pointed out the negative impact of corruption on growth, less research has been devoted to studying the relationship between corruption and demographic transition. This theme is developed into an overlapping generation model in which corruption affects...

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Vydáno v:The Lahore journal of economics Ročník 16; číslo 2; s. 1 - 29
Hlavní autor: Cinyabuguma, Matthias
Médium: Journal Article
Jazyk:angličtina
Vydáno: Lahore Lahore School of Economics 01.12.2011
Témata:
1960-2000
Capital formation
Children
Corruption
Corruption in government
Demographic transition
Demographic transition theory
Developing countries
Economic development
Economic growth
Economic research
Endogenous
Fertility
Fertilität
Impact analysis
Kapitalproduktivität
Korruption
LDCs
Overlapping Generations
Productivity
Schätzung
Studies
Theorie
Welt
Wirkungsanalyse
Wirtschaftswachstum
ISSN:1811-5438, 1811-5446
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Popis
Shrnutí:While much research in economic development has pointed out the negative impact of corruption on growth, less research has been devoted to studying the relationship between corruption and demographic transition. This theme is developed into an overlapping generation model in which corruption affects fertility decisions through its negative impact on physical capital formation and its productivity. The analysis indicates that, when the level of corruption is high, the productivity of capital is low and fertility is excessively high because of the relatively low cost of raising children. Theoretical and empirical results show that, in both developed and developing countries, corruption creates distortions and leads to low-equilibrium traps. Introducing child quality into the model accelerates the pace of demographic transition and produces effects similar to reducing the level of corruption. Empirical estimates confirm the predictions of the model and support the proposition that fertility declines in less corrupt countries. [PUBLICATION ABSTRACT]
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ISSN:1811-5438
1811-5446