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Full-Text Articles in Social and Behavioral Sciences
The Persistence Of Corruption And Slow Economic Growth By Paolo Mauro Imf Staff Papers: A Review, A. U. Musa
The Persistence Of Corruption And Slow Economic Growth By Paolo Mauro Imf Staff Papers: A Review, A. U. Musa
Economic and Financial Review
The author listed two classical corruption practice that has impeded on economic growth i.e. (i) the individual bureaucrat who allocates his labour services between productive activity and theft of government resources in a classical case of portfolio adjustment and (ii) the corrupt politician who sets a bribe collection system (a bribe rate) with the maximization of utility as his goal vis-Ã -vis similar decisions by fellow politicians.
The Economic Effects Of Money Laundering On The Nigerian Economy: Some Emerging Issues., U. Kama
The Economic Effects Of Money Laundering On The Nigerian Economy: Some Emerging Issues., U. Kama
Economic and Financial Review
Although the economic effects of money laundering on economic development are difficult to quantify, it is evident that such activity damages the financial institutions which are critical to economic growth. Besides, it reduces productivity in the economy's real sector by diverting resources and encouraging crime and corruption, which slow economic growth. Furthermore, such activity can distort an economy's external sector through international trade and capital flows to the detriment of long-term economic development. This paper attempts to explore the economic effects of this malaise on the Nigerian economy. It observes that if money laundering is not tamed, it has the …