In this paper we investigate the macroeconomic impact of legislative complexity on growth and welfare, in comparison with political corruption. After a careful review of the economic literature on these issues we employ a growth model to study the instantaneous and dynamic impact of legislative complexity and corruption. The main findings of the analysis are that legislative complexity constitutes, like corruption, a constraint to growth and determines a redistribution of income in favor of politicians. This redistributive effect has been proved in both short run and long run analyses

POLITICAL CORRUPTION AND LEGISLATIVE COMPLEXITY: A MACROECONOMIC ANALYSIS

DI VITA, Giuseppe
2016-01-01

Abstract

In this paper we investigate the macroeconomic impact of legislative complexity on growth and welfare, in comparison with political corruption. After a careful review of the economic literature on these issues we employ a growth model to study the instantaneous and dynamic impact of legislative complexity and corruption. The main findings of the analysis are that legislative complexity constitutes, like corruption, a constraint to growth and determines a redistribution of income in favor of politicians. This redistributive effect has been proved in both short run and long run analyses
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.11769/115316
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