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Keith Blackburn

Foreign Aid – A Fillip for Development or a Fuel for Corruption?

ABSTRACT: We present an analysis of the effects of foreign aid on economic development when the quality of governance may be compromised by corruption. The analysis is based on a dynamic general equilibrium model in which growth is driven by capital accumulation and public policy is administered by government-appointed bureaucrats. …

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Financial Liberalisation, Bureaucratic Corruption and Economic Development

ABSTRACT: We study the effect of international financial integration on economic development when the quality of governance may be compromised by corruption. Our analysis is based on a dynamic general equilibrium model of a small economy in which growth is driven by capital accumulation and public policy is administered by …

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