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 analysesFile in questo prodotto:
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