DP8082 What Anti-Corruption Policy Can Learn from Theories of Sector Regulation

Author(s): Antonio Estache, Liam Wren-Lewis
Publication Date: October 2010
Keyword(s): corruption, infrastructure, regulation
JEL(s): D73, D82, L5, L9
Programme Areas: Public Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=8082

This paper reviews the theories of corruption in regulated sectors to further understand the impact of corruption and the ways in which it can be reduced. The aim is to draw out the policy implications of the different theoretical approaches and to examine the support that can be garnered for such policies from empirical evidence and practice. We then attempt to draw out some of the broader lessons that can be learnt for anti-corruption policy in general.