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Fall 2008

ISSN 0890-913X

Volume 24, Number 1

Categories: Business | Fall 2008

Corruption and Complex Business Rules

Osmel Brito-Bigott, Instituto de Estudios Superiores de Administración, Poba International

Hugo J. Faría, Instituto de Estudios Superiores de Administración, Poba International

José Miguel Rodríguez, Instituto de Estudios Superiores de Administración, Poba International

Alejandro Sánchez, Instituto de Estudios Superiores de Administración, Poba International

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TheJournalofPrivateEnterprise24(1),2008,1-21CorruptionandComplexBusinessRulesOsmelBrito-BigottHugoJ.FaríaJoséMiguelRodríguezAlejandroSánchezInstitutodeEstudiosSuperioresdeAdministración,PobaInternationalAbstractThisresearchcontributestoourunderstandingoftheinteractionbetweencorruptionandeconomicperformancebyexaminingtherelationshipbetweencorruptionandbusinessregulationsmeasuredintermsofnumberofprocedures,time,andcoststhatentrepreneursincurtosatisfygovernmentmandates.Aftercontrollingforexogenousvariablespotentiallyrelatedtocorruptionandusingtwo-stageleastsquaresmethodstomitigateproblemsassociatedwithendogeneity,wefindarobustpositiverelationshipbetweencorruptionandcomplexrules.Thefindingssuggestpolicymeasuresaimedatstreamliningbusinessregulationstoreducecorruptionandenhancegrowth.JELCodes:G18,G33,K2,K4,M13Keywords:Corruption,Complexrules,CostofdoingbusinessI.IntroductionCorruption,generallydefinedasthemisuseofgovernmentalpowerforprivategainorbenefit,ispresentineveryculture,anditisasoldasexistencenormsandlegalprocedures(Easterly,2001;Akcay,2006).Thefollowingexampleclarifiesthedefinitionofcorruption.Ifabureaucratwithdiscretionarypowerappliesagovernmentalregulation,thispersonenjoysamonopolyoverthesupplyofapublicgood.Thepublicofficialcandenyorapprovetheapplication,requireadditionaltransactions,orderunnecessaryinspections,orsimplydelaythedecisiononthematter,withthemainintentionofobtainingpersonalbenefit,generallyintheformofcommissionsorbribes.Ineffect,thecorruptgovernmentemployeebecomestheownerofapublicgoodthatgeneratesrents(Klitgaard,1988;ShleiferandVishny,1993).1

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Title	Corruption and Complex Business Rules
Authors/Creators:	Osmel Brito-Bigott, Instituto de Estudios Superiores de Administración, Poba International Hugo J. Faría, Instituto de Estudios Superiores de Administración, Poba International José Miguel Rodríguez, Instituto de Estudios Superiores de Administración, Poba International Alejandro Sánchez, Instituto de Estudios Superiores de Administración, Poba International
Year:	2008
Volume:	24
Number:	1
Pages:	1 - 16
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Political Power, Corruption, Complex Rules, Cost of doing business

Citation:
Brito-Bigott, Osmel; Faría, Hugo J.; Rodríguez, José Miguel; Sánchez, Alejandro / 2008. "Corruption and Complex Business Rules." The Journal of Private Enterprise, 24(1): 1-16.