This paper investigates the macroeconomic impact of legislative complexity in relation to political cor- ruption on growth rate, welfare level and income distribution. After reviewing economic literature on corruption and legislative complexity, an endogenous model is provided. The main theoretical findings of the analysis are that a high level of legislative complexity, like political corruption, constitutes a constraint to growth, reduces the welfare and determines a redistribution of income in favor of the politicians.

POLITICAL CORRUPTION AND LEGISLATIVE COMPLEXITY: TWO SIDES OF SAME COIN?

Giuseppe Di Vita
Primo
Writing – Original Draft Preparation
2021-01-01

Abstract

This paper investigates the macroeconomic impact of legislative complexity in relation to political cor- ruption on growth rate, welfare level and income distribution. After reviewing economic literature on corruption and legislative complexity, an endogenous model is provided. The main theoretical findings of the analysis are that a high level of legislative complexity, like political corruption, constitutes a constraint to growth, reduces the welfare and determines a redistribution of income in favor of the politicians.
2021
Asymmetric information Economic growth Income distribution Legislative complexity Political corruption
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.11769/524463
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