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- W1496367777 abstract "Many regard corruption to be detrimental to international trade. Some, however, think that corruption greases commerce in case of low-quality institutions. Others argue that arbitrary corruption is more damaging to trade than predictable corruption. This is the first paper to test these hypotheses empirically with trade-related measures of corruption. It finds that in general, corruption is detrimental to international trade. However, bribe paying may be beneficial in countries with very long waiting-times at the border or low-quality customs. Moreover, the nature of corruption matters: more uncertainty in advance about the bribe to be paid reduces trade." @default.
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- W1496367777 date "2005-01-01" @default.
- W1496367777 modified "2023-09-27" @default.
- W1496367777 title "Is Corruption Detrimental to Trade" @default.
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