Who gains from Non-Collusive Corruption?

摘要: Non-collusive corruption, i.e., corruption that imposes an additional burden on business activity, is particularly widespread in low-income countries. We build a macroeconomic model with credit market imperfections and heterogeneous agents to explore the roots consequences of this type corruption. find imperfections, by generating rents for incumbent entrepreneurs, create strong incentives corrupt behavior state officials. However, non-collusive not only redistributes income from non-officials towards officials but also within group potential entrepreneurs. If borrowing limited, bribes prevent poorer talented individuals starting business. But likely benefit those who may enter anyway; cost capital lower there less competition goods markets.