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The Macroeconomics of Corruption - Governance and Growth (Hardcover, 2nd ed. 2021)
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The Macroeconomics of Corruption - Governance and Growth (Hardcover, 2nd ed. 2021)
Series: Springer Texts in Business and Economics
Expected to ship within 12 - 17 working days
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This textbook examines corruption through a macroeconomic lens,
exploring the relationship between corruption, fiscal policy, and
political economy. It merges macroeconomic growth models with
elements of political economic theory to address important applied
topics such as income inequality within and across countries,
growth slowdowns, and fiscal crises. Revised and updated to include
new research findings and recent policy discussions, the second
edition contains 15 new sections and 2 new chapters on topics such
as public defaults, the wage elasticity of work and the interest
elasticity of saving, and the economic and fiscal impact of the
2020 pandemic. Most of the basic ideas are illustrated using a
two-period model of government investment that captures the future
cost of policies that favor the present. The more subtle and
advanced issues are illustrated and, in some cases, quantified,
using the overlapping-generations model of economic growth. The
models used to illustrate the mechanisms of economic growth are
extended to incorporate politics and the behavior of public
official. The text concludes with a thorough discussion of policy
reforms designed to address the issues discussed in earlier
chapters. Intended for students familiar with intermediate-level
economics, the second edition contains a technical appendix,
expanded end-of-chapter questions and problems, and a complete
solutions manual. The second edition also offers updated resources
for instructors, including sample syllabi and over 550 multiple
choice questions. Offering a unified explanation for the causes and
consequences of government failure, fiscal crisis, and needed
policy reforms, this text is appropriate for advanced undergraduate
and beginning graduate courses in macroeconomics, political
economy, and public policy.
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