Discussion Paper Details

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Title: Transparency Gloves for Grabbing Hands? Politics and (Mis)Governance

Author(s): Tomer Blumkin and Mark Gradstein

Publication Date: December 2002

Keyword(s): democracy, political corruption and transparency

Programme Area(s): Public Economics

Abstract: Employing the canonical political agency model, this Paper studies the incentives of the government to provide high-quality services by reducing corruption. Acting as a principal in a moral hazard framework, the public disciplines the incumbent by replacing him if the generated output is unsatisfactorily low. The implications of the model indicate the importance of transparency, of the media, and of political contestability for taming corruption. The existing empirical evidence is shown to broadly support these conclusions.

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Bibliographic Reference

Blumkin, T and Gradstein, M. 2002. 'Transparency Gloves for Grabbing Hands? Politics and (Mis)Governance'. London, Centre for Economic Policy Research.