Corruption: concepts, types, causes and consequences

Economic theory has developed ___ basic views of corruption.

“On the Prevention of Corruption” is ___.

From the point of view of its source, corruption is in most cases, the consequence of rent appropriation. Rent is a factor’s income that is above ___.

If corruption is considered endogenous to the political process, corruption is institutionalized and its level and pattern depend on ___, i.e. the political regime in the country

There is “state capture” – corruption that is aimed at changing the rules and regulations into rules and regulations that favour _____.

In general, within one or the other theoretical views, three basic types of corruption are identified. The first one is corruption for achieving or speeding-up materialization of some specific right that the citizen or legal entity is entitled to – ____, as suggested by Shleifer and Vishney.

More government regulation ceteris paribus (meaning: ______), results in fewer free-market operations, and therefore more corruption

The state model for preventing corruption covers the system-based areas within the framework of which measures are performed to ensure _____.

From the enforcement point of view, corruption is a contract.

___ is the intentional non-compliance with the arm’s-length principle aimed at deriving some advantage for oneself or for related individuals from this behaviour.